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Stockpickr) -- Cyprus is leading another morning of headlines today, and it's not for the vacation deals at the Mediterranean island nation. Instead, it's the surprising precedent set in Cyprus that's got Mr. Market's mouth agape.
The country's 10 billion euro bailout deal includes a provision to seize a portion of wealthier savers' deposits at Cypriot banks, a move that's injecting some concern into the eurozone nations that have been teetering on the edge of slipping into crisis mode again. But for now, it's more important that the fire in Cyprus has been put out quickly -- never mind the fact that it was snuffed out with a mattress stuffed with cash.
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So this morning, as stocks signal another push higher, we're taking a technical look at five trades that look ready to pop this week.
For the unfamiliar,
technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
So, without further ado, let's take a look at
five technical setups worth trading now.
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