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First Investments
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I started off the day with a stock that has been riding a slow up and down roller coaster ride between $70 and $110 for the most of the past year, NYX. I believe this stock has the potential to return toward it's earlier highs, and as volume on the exchanges has been high of late, they should be seeing positive returns. However, I am not looking to this as a long term investment, and will probably look to exit in the mid 80's. The MACD is currently negative on this one, but it looks like it will cross to the positive soon, and the Stochastic's are showing as bullish. It has recently come down from overbought, and for the time being I like it. Similarly, I look at the hit that ICE took last week, and it is starting to rebuild value from it. I think this stock has the potential to hit 170, and will look to hold onto it unless something disruptive occurs - again. I'll add more comments on my other opening picks tomorrow. | ||
