I probably won't trade today (because of options expiration) but I will hang around for the first hour to see how these bio-wrecks trade. Maybe I'll try one of those if I get a good setup.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on lower guidance: PDSN -26% (also Piper downgrade), ATVI -7% (down in sympathy: ERTS -1%)... Other News: FMD -18% (competitor CFSI to be acquired), NTY -7% (reports SepQ; delays 10-K), GNSS -6.7% (Piper downgrade), OXGN -6.3% (announces stock offering), IMCL -4.5% (down on AMGN/ABGX merger), BCRX -4.4% (prices offering), SANM -4.4% (delays 10-K), BOT -3.1% (Citigroup initiates with a Sell and $86 tgt), APOL -2.9% (reports NovQ; guides revs below consensus), KOSP -2.5%, NVS -1.9%, ENCY -1.7%, ASML -1.3%, GS -1.2% (reports NovQ)... Under $3: IES -51% (considers bankruptcy; delays 10-K; reports Q4), EGHT -10% (sells $15 mln in stock), CNXT -6.3%.
Gapping UpABGX +49% (To be acquired by AMGN +2.6%; up in sympathy: CEGE +21%, MEDX +7%), SFCC +12% (independent counsel rejects Bloomberg's allegations; also guides higher; call going on now), SNDK +4% (Citigroup upgrade), COGO +5% (started with a Buy at Maxim Group; tgt $11), IRBT +4.8% (hearing broker upgrade), ONNN +4.3% (guides higher), TAXI +4.3%, SUF +4% (momentum), PHG +4% (to explore M&A options for chip unit - Reuters), PWEI +4% (declares first quarterly dividend), MNTA +3.6% (BofA initiates with a $31 tgt), DOC +3.6% (Poland order), RMBS +3.5% (chatter of settlement talks with Hynix cited), SPWR +3.2% (announces $330 mln supply agreement), LEN +3.2% (reports NovQ), BMD +3%, MATR +2.4% (to acquire CorSolutions), ADCT +2.1% (Lehman upgrade), CATG +1.8%, ET +1.8% (guides higher), EBAY +1.5% (FY06 estimates raised above consensus at Goldman), AAPL +1% (Morgan Stanley raises tgt to $90).... Under $3: IMMU +11% (clinical data).
Intraday Updates:
- 09:23 NTRI got two price target increases today so I'm eyeing that closely
- 09:38 The music has stopped in HANS
- 09:54 The A/D line is pretty negative despite the indices being up. Be careful out there!
Disclaimer & How I use this list
How does a chart of ABI look to you?
Thanks for your insights.