The following stocks will be on my trading radar for the opening of the US stockmarket Tuesday October 15th.
Breakout from ascending triangle resistance yesterday. Looking to enter at the resistance level with a stop loss below $30.50.
O’Reilly Automotive (ORLY)
Has traded in a consolidation pattern for the past 2 months. Monday saw a breakout close above the resistance level to trigger a buy signal.
Packaging Corp of America (PKG)
Bullish wedge breakout confirmed with yesterday’s bullish candle. Stops can be placed under $55.75.
Walter Energy (WLT)
Watching for a breakout from the resistance level of $16.00 to trigger a buy signal.