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.