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Stocks to Watch on Friday September 12, 2008

September 11, 2008 at 10:41 pm | Trade Artist | Comments 0
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Just about every trading day Trade Artist will list long and short equity setups with defines trigger prices and stop prices. On days where no stocks are listed we didn’t find any good risk/reward setups. Sometime sitting on your hands is the best approach to the markets.

Ticker Close Direction Trigger Target Stop Notes
BRCM $22.28 Short $21.41 $17.00 $22.50 BRCM has been in a downtrend and recently pulled back into the 8-day moving average. If the downtrend is strong this resistance will hold and more than likely test the March lows.

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