STRATEGY OF THE WEEK

This week, I ran the Stockscores Simple Weekly Market Scan strategy in search of longer term position trades based on the weekly chart patterns. Here are two that look good:

STOCKS THAT MEET THE FEATURED STRATEGY

1. T.AGT
T.AGT has been trending sideways for about 8 months but last week, broke through resistance with an abnormal price move. This should set up for the resumption of the long term upward trend. Support at $28.50.

2. PLAB
For over a year, PLAB could not make a move through $9.50 until two weeks ago when it made a strong break through resistance on abnormal volume. This should set up for a new upward trend, although it may take a few weeks for the short term profit takers to finish. Support at $8.50.

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