UCFC made a great looking ascending triangle breakout on thursday with volume backed confirmation suggesting a higer probability that this breakout will continue its run from here. We should be able to pull 10%+ on this short term trade with next resistance level around 7.50 . I want to long UCFC monday.
SSRX is has formed a strong bottom pattern which could result in a great opportunity for us to make a short term swing or day trade if the trigger buy price of 8.80 is breached. This would suggest the possibility of the gap being filled near 10.75 which would give us lots of room to capitalize on some nice gains. I want to go long on a breakout of 8.80. Watch for strong gap opens as we don’t want to chase this thing on a gap open and watch it decline from there.
Last but not least is WPL which will likely be the most volatile of these 3 day trading oppotunities. If and when price breaks the resistance mark of 2.05 i want to go long on WPL. Once the position is opened, if price makes a run above 2.40 i will enter a stop loss on a breakdown of 2.40 as i want to avoid getting caught in a false breakout which would result in a bearish shooting star candle.
