With the market clearly trending lower and stuck in the August trading rut, I’ve decided to open up my watch list for today’s trading to give you a list of stocks to keep an eye on for potential movement ahead. Plus, I have exciting news at the bottom of the post! Take a look..
American Eagle Outfitters ($AEO) has been extremely bearish over the last six months of trading, with price dropping from $19 to $12 during this time. As such, many of the recent rallies in this stock have been great selling opportunities. The recent advance is no different, as selling pressure could push price back toward $12.
The NASDAQ 100 Index ($NDX) has honored clear support and has also formed a very bullish candlestick pattern that could lead price higher. Let’s take a look.
