Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
LEXR -12% (court orders new trial on damages in Toshiba litigation), LGF -11% (guides lower), CSGS -5% (Pru downgrade), BSX -4.7% (makes bid for GDT), IMCL -3.5% (negative SG Cowen note), SNDK -3.5% (WR Hambrecht downgrade), VCLK -3.1% (Pac Crest downgrade), OVTI -3% (profit taking after 18% move on Friday), NTAP -2.4% (UBS downgrade), IIJI -1.8%, ADBE -1.2% (OpCo downgrade)... Under $3: CPN -21% (stock to be delisted).
Gapping Up
NOVN +34% (FDA panel recommends approval for ADHD patch), BOOM +11% (enters 5-yr supply agreement with GE), PRVD +11% (to be acquired by L), GDT +10% (BSX makes bid for co; up in sympathy: STJ +3%), WZEN +11%, ADPT +8% (positive Barron's article), OXGN +7% (to initiate a new clinical trial), PLUG +5%, X +4% (Barron's Online story says X is a takeover candidate), ORCT +4%, TASRE +3.8% (defended at Jefferies), STAK +3.3% (momentum), CVS +3.2% (positive Barron's article), DRIV +3% (RBC upgrade), STX +2.8% (Mad Money mention), SFCC +2.8% (continues Friday's late rally), AMTD +2.5% (sees TD deal closing in Jan), DELL +1.4% (Raymond James upgrade), A +1% (TWP upgrade)... Natural gas stocks are strong: NGAS +5%, SWN +4.5%, GGR +2.7%, CHK +2.1%, ECA +1.7%... Under $3: MCU +58% (positive phase 2 data), CVM +40% (signs cooperative Agreement with NIAID to test its drug for bird flu), TSEM +7%.
Intraday Updates:
- 09:18 Things aren't looking good for SNDK as it takes out its low from November 21.
- 09:33 YHOO and GOOG are slipping even on the back of BofA's numbers increases today
- 10:00 ALTR's looking toppy on the daily chart
- 12:30 Lots of news/rumors about SYNA today. I was just reading "Has Synaptics Regained the iPod Scrollwheel" on the Consumer Electronics Stock Blog and then a few minutes later ThinkSecret says "Synaptics gets the nod to help boost iPod supply"
Disclaimer & How I use this list
PWEI flatlining after a nice breakout several days ago. The stock just got jumpy intraday. Watch for any breakout to new highs as it has potential for even bigger gains ahead.
I'm guessing that there a fair amount of folks waiting for that 'dummy' setup in CUTR to materialize intraday. Flatline action is so nice after a move of significance has occurred.
Hey Mike,
What do you think of the water stocks that are generating good buzz thanks to Powershares ETF PHO that starts trading tomorrow? Any good swing/long term plays here?
http://www.powershares.com/images/pdf/phofund.pdf
None of them really jump out to me. There are some nicely trending stocks on that group but they're kinda thinly traded.