Hey friends! Happy Wednesday. I wanted to present to two quick ideas for potential long trades I would consider taking based off of the technicals and positive momentum in particular.
DXC looks constructive, with rising RSI over 50, above the EMA(8), point of control, Ichimoku cloud, and seems to have benefitted from some of the demand for technology companies of late.
I would be looking to allocate long here, with a stop below the point of control, EMA(8), and a trail stop of 2.35%. I would look toward $40 as an upside price target and give the trade about two months to play out now that earnings are behind us.
BERY has a similar technical picture as DXC. I would be looking to allocate at the current price level as well, with a stop below the EMA(8) and a trail stop of 1.54%. My price target would be $71, with about two months for the trade as we have also gotten past earnings for the company so that risk is behind us.
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