We've got a ton of earnings reports coming out this week and next so be sure you know when your stocks report. It's also options expiration week so look for the pinning games to ramp up as the week progresses.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
KKD -12.4% (franchisee files for bankruptcy), SONE -30% (guides below consensus; announces realignment), MTU -6%, BCRX -3% (profit taking after 17% move on Friday), TFSM -2.8% (Piper downgrade), JBLU -1.8% (rebound in oil prices), S -1.2%.
Gapping Up
CYBX +10% (ANSI acqusition seen as good news for CYBX; mentioned in Barron's Online), GM +3.4% (reports Q3; confirms agreement with UAW on health care; up in sympathy: F +4%), MEMY +24% (announces collaboration with Amgen), ANSI +30% (to be acquired by STJ), LF +12% (appeared on CNBC), BLDP +8% (hearing boutique firm initiates coverage), TKO +7% (NY Times story on broadband over powerline), SCH +6.5% (reports Q3), TBCC +6%, DCTH +5.3%, RNWK +4.3% (positive Barron's article), ELN +3.7% (positive Tysabri update), STEM +3.5% (NY Times cover story on stem cells), PANC +2.7% (positive SG Cowen report)... Small cap enery plays are strong as tropical storm Wilma has formed: FUEL +16%, USEY +11%, NGAS +6%, SU +5.3%, BDCO +4.4%, ABLE +3.4%, CHK +3.3%, SWN +3%, VLO +2.6%, ECA +2.4%... Bird flu stocks are higher: AVII +6%, SVA +3%, NVAX +2.7%, CRXL +2.5% (also, co reports qtr) Under $3: VION +19% (gets fast-track designation for cancer drug), MHA +18% (clinical data), ISON +12% (introduces new security product), CGTK +11%, NTWK +7.7% (launches software module at DaimlerChrysler Thailand).
Intraday Updates:
- 09:32 You certainly don't see GM gapping up 11% very often
- 09:35 Good RS in SNDK early as it challenges Friday's highs
- 10:07 Potential double bottom on the SHLD daily chart
- 10:15 Another day with not much on my movers with volume surge scans
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