Here’s the daily SOX watch. Yesterday’s slide completely wiped out Tuesday’s gains and brought the index right back to its downward sloping trend line and between the 50 and 200-day moving averages.
There are a few less shorts on the list today because the entry points are a bit less desirable after yesterday’s slide.
Currently holding:
Long – URBN
Short – none
Looking for swing trade entries in:
Longs – CVC
Shorts – LSTR, MWV, NTGR, PFE, PTV
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance:
VOCL -21%, LCCI -16.3%, NOOF -9.2%, ATAR -8.1%, ERICY -8%, WIN
-6.3%, ILSE -4.6%, CYTC -4%, ULBI -3.1%, ERTS -2.4% (in sympathy with ATAR and ATVI)…. Other News: ATVI -12% (hearing spot offering of ATVI looking to price), SHPGY -8.5% (requested by Canada to withdraw its key Adderall XR drug from the market — FT), SYNA -5.3% (First Albany and Bear Stearns downgrades).Gapping Up
Gapping up on strong earnings/guidance: PMTI +15%, BYD +8.3% (also Jefferies, CIBC upgrades), AIRN +12%, CTSH +9%, AET +5.3%, NAPS +6%, ERES +5.4%, WFMI +5.2%, WEBX +4%, MOGN +3.6%, LEND +3.4%…. Other News: ISON +16% (announces formal launch of marketing for NeutroTest explosive detection device), AUGT +14% (KLAC offers to buy co), SLE +9% (announces transformation), VION +5% (reaches agreement on a special protocol assessment with FDA), SONS +3.6% (Raymond James upgrade), CY +3.7% (more analysts confirm Apple supply win)…. Under $3: VCMP +13.5% (security courses generate momentum).
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