Go Long CEL, Short DTV

Cellcom Israel ready for another leg up; DIRECTV encountering overhead resistance

   

Go Long CEL, Short DTV

The market is continuing to build on its impressive gains. We’re seeing a morning doji star candle pattern forming, which could be a good sign of a short-term bottom finally forming in the S&P 500. The key is whether it can reclaim the 20-day moving average and 1,200, or if it will just sell-off after testing it.

Long: Cellcom Israel Ltd. (NYSE: CEL)

cel111810 Go Long CEL, Short DTV

Short: DIRECTV (NASDAQ: DTV)

dtv111810 Go Long CEL, Short DTV

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Article printed from InvestorPlace Media, http://investorplace.com/2010/11/go-long-cel-short-dtv/.

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