Don't forget to stop by MaoXian's chat this evening at 8 (Eastern time). The main topic will be day trading but we're also going to discuss high-priced vs. low-priced stocks. It should be a good session.
Potential swing trades:
Longs - None
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
ILE -27% (announces preliminary Phase III results; CIBC downgrade), WPCS -16% (reports Q4), SBL -6% (reports Q2; CEO resigns), RNVS -5%, ARIA -5% (announces stock offering), DRYS -4%, HANS -3% (negative Barron's article), LEA -2.4% (downgraded to Underperform at Baird and Wachovia).
Gapping Up
FORD +6% (joins IBD list at #1), IIJI +11% (co and Hewlett-Packard form RFID alliance), REV +13%, EXM +9%, ABGX +6.1% (gets fast track designation from FDA for Panitumumab), WVCM +6%, TEX +5% (Mad Money mention), NGEN +4.3% (awarded $2.5 mln grant), FOXH +4% (CEO appears on CNBC), GDT +3.6% (gets FDA approval to re-enter heart failure market), ITWO +2.7%, EBAY +2.6% (Smith Barney upgrade; tgt raised to $51; up in sympathy: EPAY +2.2%), DCX +2.5% (mentioned in Barron's), RD +2.3% (oil stocks stronger on death of Saudi leader), AUDC +2.2%, SIRI +1.8% (Ford to offer service beginning this month).
Intraday Updates:
- 09:20 EBAY has my attention as it jumps over its 200-day moving average
- 09:40 FLIR and TALX just hit the scanner
- 09:52 Watching AMLN, it's up 8% now
- 09:54 Watching NIHD
- 09:57 Briefing just highlighted EBIX -- that puppy's thin as hell with a 57 cent spread as I type this. Beware!
- 10:06 Watching JUPM as it breaks out on the daily chart
- 10:07 Ditto for COGT
- 10:56 NICE just popped up on the scanner
- 10:57 MNTA's running again... this bad boy can really move
- 11:55 OVEN's running on news of a deal
- 11:59 BOOM's, uh, booming :-)
Disclaimer & How I use this list
In regards to FORD making IBD#1 spot, wonder if that is a good or bad thing.
I won't be surprised if that marks a short-term top