"Goodmorning...A much better showing for the market yesterday out of oversold levels. We noted a few days ago that the probability was high that the market would rise at least back to the descending trendline. The Nasdaq is about 40 points shy, and still has plenty of room for additional gains. What unfolds from those levels is left to be seen.
Your new stock pick this morning is Sco Group (Nasdaq:SCOX) with a target of $7.00 and a stop/loss at $4.65. Stochastics and a divergence is MACD is giving us a buy signal at these levels---a tight stop-loss and a large profit potential in our view."
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