October 15th Weekly Top 5
The Top five for this week are: RZ, TNP, ADBL, DAR, CRESY.
The runner up charts of the week are: SEED, FEED, GMCR, IPSU, TARR, XOMA, BCON, SOLF, and URZ.
ADBL, DAR and CRESY are very similar. They are all consolidating right beneath major breakout points. All three should have very tight stops (5% max) because the bullish patterns break down almost immediately from the point they are at right now.
RZ is a play off of the 50 day moving average, so the stop is right beneath the 50.
TNP is a play on the hot shipping sector and like RZ the 50 day moving average should provide support.
SEED and FEED are the most volatile of the other stocks listed. They should be handled with extreme caution.
IPSU makes the list because it's long term chart is outstanding and it is very near solid lateral price support at $26.
The remainder have made nice short term moves and look poised to pick up additional momentum.
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| Market Summary | Nov 22, 2009 16:10 pm ET |

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