Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 6th of January.
2 Stocks To Watch
Eli Lilly and Company (NYSE:LLY), developer, manufacturer and seller of pharmaceutical products worldwide, had a new monthly Trade Triangle today at $51.62 and in doing so also broke above an 8-month long-term downtrend line. This stock is clearly in an uptrend and I would want to treat it and approach it from the long side.
My upside target for this stock is $57-$58. As always, I will be using the weekly Trade Triangle for any subsequent exits and entries.
Information technology (IT) and infrastructure management software company, Solarwinds (NYSE:SWI), appears to have completed a 61.8% Fibonacci correction from its highs set back in September of 2012 around the $60 area. Continue reading "3 Stocks To Watch This Week"