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Tuesday, August 16, 2011

Possible short setups for August 17

I'm watching these.  Any short position I take will be a small one.

LPL - bear flag, look for break below trend line.  7 composite IBD rating, B- group relative strength



AMKR - support at 4.15, short below if this is broken.  1 IBD composite rating, D- group relative strength



ELX - short under break of support at 6.61.  12 IBD rating, D- group RS.



ESC - 14 IBD rating, E group RS.  Look for a break under 14.37.

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