Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: GLD and SLV in my week...
Stocks on the Move: CNH, HSY, and PNC
01/28/2009 10:36 am EST
CNH Global (CNH) is in the third day of a "backdoor slider" setup. We will look for a move below $8.59 as indication that a continuation move to the downside is imminent.
Hershey Co (HSY) is a "line drive" continuation candidate. Any trading above $37.75 will have us looking for an entry opportunity on broader support from the major indices and the consumer sector.
PNC Financial Services Group (PNC) is a "3-2 pitch" short side candidate below $30.04. We will watch for weakness in the financials after an initial pop on the exuberance revolving around the "good bank, bad bank" solution likely to be implemented by the Obama administration.
By Adrian Manz of TraderInsight.com