A couple of potential momentum setups going into Monday.
AIR broke out of a base and closed near the highs of the most recent congestion area:
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With the announcement of the '16 Olympic host we saw a lot of activity in Brazilian names as well as beverage companies (PEP, STZ), here's
ABV (also take note of
VIV) at an all-time high (on a closing basis).
ABT is poking out of a resistance level as a bullish engulfing candle, with gap-fill potential looming above.
MCGC could be a little tired here. After breaking out of a cup w. handle pattern it may take a break to consolidate further, but may just forge ahead with a measured move and overhead gap-fill.
RINO had a big momentum push lately and seemed to be finished. But volume stepped in Friday to buy the dip back to $18, was someone tipping their hand?
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