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Zorrilla Gives A Few Long Ideas And A Couple Of Shorts

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February 3, 2016 4:11 pm
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Zorrilla Gives A Few Long Ideas And A Couple Of Shorts

As long as the indices stay above their 30-minute moving averages, speculators in the 0-5 day time frame should probably focus on long ideas unless of course they are shorting an extended move higher.

Del Frisco's Restaurant Group Inc (NASDAQ:DFRG), The Hackett Group, Inc. (NASDAQ: HCKT), Vonage Holdings Corp. (NYSE: VG) Abercrombie & Fitch Co. (NYSE: ANF) are the stocks on my long watch-list. My only interest in getting long these stocks is if and only if they go through the previous day high plus .10 cents. These stocks are have contracted over the last few days and move above the contraction should lead to a period of expansion.

Northrup Grunman Corporation (NYSE: NOC), Signuature Bank (NASDAQ: SBNY) are two stocks to consider on the short side.

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.

This was originally shared on Frank Zorrila, The Truth


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