WSN Uptrends: American Eagle, Goldman Sachs and TJX

The following are stocks that have hit our radar for uptrends.  American Eagle Outfitters (NYSE:AEO) has started out the day with a nice gap up after posting better than expected earnings.  Goldman Sachs Group, Inc. (NYSE:GS) is probably one of the better looking financial stocks in the sector and has been showing a fabulous uptrend.  The TJX Companies, Inc. (NYSE:TJX) has been showing a consistent uptrend for the past several months and had recent gap up open with improved Q3 outlook.

With the earnings surprise by American Eagle Outfitters (NYSE:AEO), it seems that the stock has a strong breakout from its trading range of $13 to $15.50.  It is currently up +8% and trading at $18.05 per share.  This gap up on strong volume could set the stock in motion for a nice uptrend.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) took a beat down with the market meltdown like so many other financial companies.  They rebounded well though and have been trading in a nice price channel range since April of this year, going from about the $100 level to its current price of $190 and change.  Goldman Sachs also does not seem to show the wild swings we have seen from other financials such as Citigroup and Bank of America.  They just appear to be a stronger company.

The TJX Companies, Inc. (NYSE:TJX) has been in a solid uptrend since about February of this year, trading in a pretty tight channel with a strong upward slope from the low $20s to its current level of around $38.