Momentum Monday 11-17-14
Here’s some actionable setups that have just recently broken out or are in the midst of a breakout that you should have on watch this week.
$CLDX 28% mover today but not the ideal close bulls were looking for. Celldex spent most of this year trapped trading under $18 but today we’re getting that breakout. Look for higher prices going forward so long as we can hold above $18.
$AET new all time highs for Aetna today after it surged through resistance that has been in place for about 5 months. Looks great for more.
$IWM the underperforming index today, breaking below Fridays lows and trying to hang onto support established from the first week of November. Any further action below 115.70 could accelerate this fall.
$LOCO this recent IPO is in the process of a breakdown from this 4 month range. Below 34 is a bad place to be if you aren’t a bear.
$NWL new closing highs of the year as Newell took out previous resistance just above 35 and closed strongly. Looks good.
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