Earlier this week Eddy Elfenbein called the market a ‘mighty Zeppelin effortlessly soaring above the clear, crisp, blue skies’.
The market is strong at the moment and it can get stronger still. Here are 5 trending trade set-ups for Thursday 21 April:
Devon Energy Corp (DVN)
Today’s pick goes to Disney. We would not be surprised to see the market fall today because a number of bearish set ups have developed.
However, it pays to trade with the trend and Disney, in our opinion, offers a solid choice after some strong price action, fundamental news and decent volume.