Bullish Plays

For the bulls out there:  Healthcare in focus this week makes this healthcare REIT [OHI] very interesting.  Its forming an ascending triangle, very common to cup w/handle formations.  Note the increase in volume during the last rise [a sign of accumulation] as well as Fridays double volume spike.  Set an alert for $19-19.10 and watch for volume.  Triangle target is $20.90ish and cup w/handle target is near $23.50.  Stop below $18.50

VMW caught my eye as its been trading along its 21k  EMA since July which is exactly where it was held last week amid a shaky Nasdaq market.  One could buy here with a stop below Fridays low or wait for a breakout of the triangle.  Whatever floats your boat.   Triangle breakout could run as much as $7-8 higher from the b/o point over 2-3 weeks.

I love it when a company reports earnings and the stock sells off.  Wait a few weeks and you see volume increase and a trendline break.  Then you buy.   Northern Trust [NTRS] broke its trendline Friday which makes for a good entry with a stop below Fridays low.  Target of $54-55  near gap resistance.

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