Trades

Last Tuesday a number of industries looked bad, I posted some trades within Industries that I picked up in scans, Retail was one of them. Of the trades in retail,

% wise it's not a big move yet, but when considering WMT's ATR (Average True Range), it's an impressive move down.

BJ is close to making new intraday lows, if this move holds it wil make a new closing low, this may be the start of a leg down in BJ.

FDO's move on Friday (an inverted hammer-bearish) came on large volume, this bear flag looks very close to breaking down.

RDK is a grocer, you may remember, I do believe their margins which are already razor thin are coming under pressure, RDK seems to be a good candidate to play the sector if you didn't already.

From last night, several ideas are moving well already.

BCRX is down a bit this a.m. After bumping into resistance, but don't write this one off just yet.

XOMA is another to take a look at as it remains very close to a breakout point

PEIX is up over 8%, but still quite a way from a new move above resistance, so even though it is up, it appears this one may have quite a bit more upside to go.

AONE is doing well this morning, this is yet another that seems to have a lot of upside as it hasn't even broken out yet.

Keep an eye on the CTAS short as well, despite the fractional gain, technically it's still not able to break through resistance and the volume on Friday was not helpful to that cause.