Sector Feeds:
Take a look at the Gaming industry. It’s been rallying hard lately. IGT – International Game Tech formed an ascending triangle which broke to the upside in mid September.
MGM – MGM Mirage hit a triple bottom under $35 and then rocketed off its bottom to almost $43 so far. Divergence on the RSI and MACD set up before the big move. These are always good to note.
HET – Harrah’s Entertainment’s RSI started to have higher lows when the price broke to the upside in mid to latter August. It had a big gap upward afterwards. It’s traveled as high as a $20 per share profit since its breakout. There’s been lots of momentum in these stocks lately. Keep an eye on them during pull backs to see how they do.