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Stock Alert: Three Long, Three Short for August 8


Critical analysis by ChartLabPro names today's buys, including IBM and Life Technologies. Holding McDonald's or QEP? Sell now.

MINYANVILLE ORIGINAL Prepared for Minyanville, ChartLabPro buys for August 8 include Ameriprise Financial (AMP), IBM (IBM), and Life Technologies (LIFE). Sells include McDonald's (MCD), Cardinal Health (CAH), and QEP Resources (QEP).'s proprietary buy/sell algorithm has issued the following alerts for August 7. Ratings are as follows; 1 Strong Sell, 2 Sell, 3 Hold, 4 Buy, and 5 Strong Buy. algorithm has been in use for 13 years combining both statistical and technical analysis.

The algo uses over 200 indicators that are bucked into 10 silos and updated at the market close.

These rating changes are best utilized for swing trades to longer duration trades. The ideal long alert would be a 4 (Buy) to a 5 (Strong Buy) rating.

To learn more about ChartLabPro's algorithm visit
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