5 Big Stocks Ready to Slingshot Higher
If you decide to buy Weyerhaeuser there, keep a protective stop in place... Agilent Technologies
Last up is Agilent Technologies (A) , an electronic measurement company that looks ready to slingshot higher this summer by virtue of the fact that it's managed to kick off its cement shoes. Agilent slid double-digits in the last six months, stuck in a well-defined trend channel, but the downtrend break last week means that sentiment has shifted for this stock.
While Agilent is likely to correct lower in the near-term after surging around 7% in the last several trading sessions, the stock has posted a pretty definitive change in trend from down to up at this stage. Agilent looks like a good opportunity to buy the bounce, especially if shares slip down to test newfound support at their former trendline resistance level.
As long as Agilent stays out of that trend channel, buyers should be looking for entry points in this $14 billion firm.
To see this week's trades in action, check out the Technical Setups for the Week portfolio on Stockpickr.
-- Written by Jonas Elmerraji in Baltimore.