With the bull trend remaining intact, I’ve sifted through loads of stocks to find three prime opportunities using the Modified PEMA Crossover system. These three stocks are positioned to move higher in the days ahead. Check ’em out!
1. Exxon Mobil ($XOM)
The daily chart of Exxon Mobil shows price is breaking free from a clearly developed wedge pattern that could lead to another round of strength in this stock. As a matter of fact, a new Long Signal has fired after yesterday’s price action, which indicates a likely push to new highs in the days ahead.
2. Marvell Technology Group ($MRVL)
The month of November brought a clear trading range for $MRVL – which means a breakout/trending month could be seen for December!
This stock has developed a well-formed triangle pattern and is beginning to see the initial upside break from the pattern. A new Long Signal has also fired, further validating a push to new highs for this stock.
3. Dow Chemical Co. ($DOW)
Again, the quiet November could lead to a healthy December for $DOW. This stock is beginning to break free from a tightly-coiled range which, combined with the bullish PEMA signal, indicates new highs above $33.
As long as these three issues remain above their respective support levels, continued upside strength may be in store.
Let’s see how these play out!
Cheers!
Frank Ochoa
PivotBoss.com
Follow Frank on Twitter: http://twitter.com/PivotBoss
