4. Â Gilead Sciences Inc. (GILD) – Along with CELG, Gilead Sciences is another one of the “four horsemen of biotech.” GILD has a similar price structure to CELG as well. The two-day bounce off support at 100 creates a setup with favorable risk/reward. GILD now needs to reclaim the 200 day moving average and push toward 110-115.
5. Â Paycom Software Inc. (PAYC) – There has been impressive flat and narrow bullish consolidation over the past couple of weeks. PAYC now needs a range expansion move through 39-40 and a breakout to new highs. IÂ highlighted PAYCÂ last week.
6.  Transocean Ltd. (RIG) – This stock was left for dead many moons ago but RIG has since put in a constructive bottoming pattern with a possible double bottom. Today’s breakout over the 50 day moving average with volume could indicate that shares of Transocean are ready for a push toward the 200 day moving average.
Thanks for reading and have a great rest of your week.
Twitter: Â @NoanetTrader
No position in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
