$BLK closed at a 52 week high on Monday albeit on below average volume. Financials have shown strength/seen a lot of sector rotation in the past week. $BLK is still holding above its 8 day EMA. RSI is perking back up after some sideways consolidation. Looking to go long with a pullback to the $427 area; stop with a close below ~$424.39.
$GM broke out of a recent range & closed above $35. There doesn't appear to be any real resistance until the $37 area. The volume on $GM was a little light although it was a short day Monday. I'm looking for a pullback to the $35.45 area for an entry. I'll be risking ~$0.50 or about 1.5% if I take a long position. Any close below $35 would be my exit for $GM.
Chicago Bridge & Iron had a huge run up last week based on a favorable court ruling & appears to be forming a bull flag. I'll be stalking $CBI hoping for a break of both short term moving averages on the Hourly Chart above (currently around $19.62). If we get a close above both the 8 & 21 hour EMA, I'll be looking to get long with a tight stop.
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