2 Stocks Due For A Pullback

September 6th, 2014
in contributors

by Jeff Pierce, Zentrader

EMES put in a very bearish weekly candle today, taking out all of last week's gains. This stock will likely see the low $90′s before $150, but all is not lost for the bulls. I do believe they will see their day again. Watch for a pullback down below $100 and/or a RSI pullback down near 40. Whichever comes first is where I would start legging into this stock. Yes it's a long fall, but this stock's RSI has never been below 70 so it needs to spend some time down there to work off this overbought state.

Follow up:


emes

Emerge Energy Services LP - Earnings Surprise | FindTheBest

This is the "stock a fork in it" candidate of the week. You are witnessing a blow off top here in the making, but just like the stock above this will eventually see new highs. This is just a mid term topping pattern playing out. The RSI is at a ridiculous level of 95.29. Now I wouldn't short this stock as I never short strength, but if you aren't taking your profits you are just plain greedy.


cenx

Century Aluminum Company - Earnings Surprise | FindTheBest

August tradewithZEN'S trading results are in. We went 10 for 10 in closed trades. See all the past trades here.

Since inception of July 2013

  • 99 winners with avg gain being 6.09%
  • 23 losers with avg loss being 5.13%









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