Strong Charts In Focus

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I like this as a pullback play in BMRN at these levels. It's nearing a support range where it's bounced at during 2012 and I see no reason to think it's not going to bounce again. Earnings weren't positively received, but it didn't cause the stock to tank either. I think the pullback over July/Aug has simply been this stock consolidating for it's next move higher.

Recent tech IPO that has a strong chart. Earnings on Aug 30th.

Homebuilders look good, especially TOL, but they release earnings on Aug 22nd and that could alter this bullish uptrend. I wouldn't touch these until TOL reports as this could trigger a sell off in this sector if they aren't good.

Posted in: Markets, Trading Ideas

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