I didn't want to see us drop back below the 1564 level, but as of this posting we are trading at 1561. Despite that, I don't think the uptrend is broken or the progress that was made on Thursday for that matter made insignificant. Nonetheless, like what we have seen in the past, we will want the bulls regain control of this market and resume its trend higher.
Workday (WDAY) - has seen a nice burst higher back in February, but since thin has formed a continuation triangle, that should it break back above $62.50, will be in a great position for the next stage and phase of its existing rally.
Graphic Packaging Holding (GPK) - A nice double bottom after the recent sell-off but also a nice resistance level overhead that, if broken, would take GPK to new highs at $7.60.
Dish Network (DISH) - continues to consolidate nicely at its recent highs. The logical stop-loss would be $36.65 which will give you enough wiggle room to see if it continue with the momentum it has seen of late.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>
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