Written by Patrick McCubbin
Exact Stock Picks
Good Afternoon,
A very important level on the SPX was reached today. The resistance of 1100 was reached and surpassed today, which bodes very well for the bulls. They have won the battle until at least Monday mornings opening. We also had a very nice day on our stocks today. The trends that have been subdued by volatile market movements finally had a chance to break out and show some strength.
DXP Enterprises Inc (DXPE) .had a very strong day. As we stated in our pre-market newsletter we felt this stock would move nicely on earnings, and that’s exactly how it played out. This stock was up nearly 8% on heavier than normal volume today. This is a great sign going forward. We are already up nearly 13% on this play in only two days and there is no reason to think this won’t continue to climb higher. We have lifted our stop loss order on this stock to $19.25. This was our first target alert price. Our next target on this stock is $21.10.
Manitowoc Company, Inc. (MTW). also had a real nice day. This stock was up nearly 3.5% today and is up a total of 6% since our entry this week. We feel this stock is really poised to make a big move.
We entered one new position today,NetApp Inc (NTAP). . This stock has broken out of a range and looks to be ready to make a quick ascent. The stock was up over 1.5% since entry.
The rest of our stocks traded within a range of around 1%.
We’d like to take this opportunity again to thank all the members of Exact Stock Picks for your trust in using us in your trading efforts. We would also like to welcome all the new subscribers this week and we will do everything in our power to continue to deliver valuable and timely information.
Have a great weekend and we’ll see you again Monday morning!
TEN Exclusive: Portfolio Update – 7/23/10 is an article from: 
