Top Picks for March 25

The sideways consolidation largely continued today, although the weakness was more widespread. The S&P closed under 2100, the Nasdaq under 5000, while the Russell hung tough for a flat day.

None of this is particularly surprising after last week's mega rally and so far it should not be terribly concerning for the bulls.

CRTO - Narrow consolidation at the 20dma, could get interesting on a push through 44

CYTX - Fairly extended and a cheap stock, but could be flagging for another leg higher

GALT - Could be getting ready to move out of a long bottoming base, needs a push through 4, ideally 4.08-4.10

GPRO - Still firmly in a long downtrend, but could be getting ready to challenge the trendline, would like to see it push through 43

INSY (SHORT) - Continues to look tired and toppy much like its sector, likely downside toward the 50dma in the short term

MNST - Extended on daily but a well defined flag, could be getting ready for a push to new highs

Posted to Tactical Alpha on Mar 24, 2015 — 8:03 PM

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