Daily Watchlist

By The Wall Street Fox Tuesday, December 29, 2015

Shares of Wal-Mart recently broke out of a one year down channel and is beginning to print higher lows and higher highs. The stock should drift towards short term resistance at $66. Shares of Wal-Mart recently bounced off of a 30+ year trend line. Good risk/reward profile.

Shares of Affymetrix recently broke out of a down channel, is printing higher lows and higher highs, and is on the verge of breaking above $9.75 - $10.00 resistance range. If shares can break above 200 day MA near $10.50, next resistance range is $11 - $12.

Shares of LTC established a bullish inverted head & shoulders pattern over the past 7 months. Measured move price target from inverted H&S is $48. Short term price target is $45. Strong support at $40 as the stock begins to print higher lows and higher highs. LTC is a senior housing REIT that pays a monthly dividend. Currently yielding 4.94%.
 
Shares of STJ have been trending downward since hitting an all time high of $80 in July. If shares break above downward trend, can move towards 200 day MA near $68 and fill the gap from mid October. 
The Wall Street Fox

The Wall Street Fox utilizes fundamental and technical analysis to generate investment ideas. TWSF holds a MBA, and is currently preparing for the Chartered Market Technician (CMT) designation.

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