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Technical Trading Ideas

August 30th, 2010 · No Comments

Since they are performing surprisingly well, here are two more, a long and a short…
Long CRNT on $7.5, short ALNY at $14.72

By Ryan Mallory

Market is literally break-even right now heading into the open. Personal Income and Outlays just came out with its affect on the market being overlooked and basically ignored. After Friday’s gains, the bulls would no doubt like to see some follow through, but considering the amount of selling the futures has seen since last night’s highs in the futures market is somewhat disappointing, that they are looking at a flat open to start the day.

LONG:  Ceragon Networks (CRNT)

SHORT: Alnylam Pharmaceuticals (ALNY)

Tags: Technical Trading Ideas