As the markets are holding the flat line, certain stocks demand direct attention. This can be key to seeing moves and profiting.
First, the double top on International Business Machines Corp. (NYSE:IBM) is holding firm. Even with the markets inching up, IBM has fallen back below the double top level of $185.63. As long as the stock does not close above the high from yesterday, it could be viewed as a short. The high from yesterday was $186.63.
Next on the list of stocks standing out is First Solar, Inc. (NASDAQ:FSLR) . As the markets have surged 12% in the last week, First Solar has barely moved. Yesterday it was flat and today it is down. This weakness must be respected. Any sort of market pull back would send this below $50.00 per share. Once below, it becomes attractive as a long swing trade.
Gareth Soloway
InTheMoneyStocks.com
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