Hi Traders, Licia here, back with my favorite and least favorite stocks for our weekly Ticker Highlight Show! This Tuesday (usually Mondays, this week it’s different), I’ll be joining the rest of the Option Pit team to discuss our stock picks for the week. Then, Mark will use his cheap options scanner to give away a FREE, simple options trade. This week my favorite stock to the upside is Qualcomm (Ticker: QCOM):  Once it clears that resistance at $161.50, it has room to run to $175. Use a close below $161.50 as your stop loss. It was not easy to find a stock with a bearish chart. The stock that I think will go lower this week is International Business Machines (Ticker: IBM):  It is failing the bullish consolidation by trading below $289.60. If it closes below there, I think the stock could trade down to the 21 day moving average at $281.57 and then possibly the median line at $280.17. Use a close above $289.60 as your stop loss. Will one of these stocks become our FREE options trade next week? Join the Ticker Highlight Show on Tuesday at 10 a.m. ET! Trade Accordingly, |