Picks for 3/10/21

Markets look like they will open mixed today with the Dow green in premarket and the Nasdaq looking as it needs a break from yesterday's surge.

I will be watching some new names and also some previous picks:

CAAP - Fundamentally this could be an under-the-radar reopening trade. As for the chart, I like the relatively tight trading range since mid February and also the current price in relation to to the POC (Dec 1 - Present). Also the MACD is curling up and should cross any day now. Finally, yesterday's candle broke the .5 fibonacci level to close above it.

Looking for a break of $4.79 for entry.

ATNF - MACD rising and the price seems to be respecting the 50 SMA as a support level . RSI is rising but still on the cool side. Also the price broke thru to the good side of the weekly trend line to test the .38 fibonacci level.

Break out over $4.88 Target $7.67

ITP - Has been moving as anticipated and will continue to stick with my swing position in this deep value stock. In with a small position of 2000 shares.

INSG - I think the bottom came in on 3/5 and this should grind higher in the mid to long term.

CYH - Yesterday's pick that moved in the right direction. It managed to break the .38 fib level and test the .5 level. Looks very bullish.

QCOM - I like the bounce off the 200 MA and the relative value to other big tech names.

Also watching: CVM, NLST, ZKIN, LPTX, SXC

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