Three Trade Ideas

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After a strong move during July, Glu Mobile Inc. (GLUU) has been in consolidation over the last two weeks and during that period established technical resistance at 3.20 a break of which is likely to trigger new short term momentum with target in the 3.60 area.gluu

Sprouts Farmers Market, Inc. (SFM) is in a bullish consolidation pattern which takes the form of a rising triangle. Break above 24.7 could lead to new up wave with target in the 26.4 area.sfm

Stone Energy Corporation (SGY) broke out of a bullish flag on Friday and is looking to advance toward the 29 area in the next few trading days.

Sinisa Persic, CMT