We're set for a slightly higher open this morning. The QQQQ is hovering right around Friday's high and its 50-day moving average. I'll be watching that closely to see if it can breakout.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
BMRN -5.8% (announces mixed shelf offering), NYMX -5.3% (profit taking after 63% move on Friday), REDF -5.1% (mentioned negatively in Technology Trader - Barron's), CRHCY -4.2%, FDG -4.1% (says Q1 volumes will be lower than forecast because of high inventory levels), CMVT -2.4% (OpCo downgrade), LAMR -2.2% (TWP downgrade), CCL -1.6%, PMCS -1.3%, NYX -1.3%, ECA -1.2%... Under $3: LU -4.8% (mentioned negatively - Barron's), NASI -7% (receives notice of non-compliance from Nasdaq).
Gapping Up
MIK +13% (considering putting itself up for sale), SBSE +54% (to be acquired by GE), STRL +12% (reports Q4), SCLN +9% (Zadaxin granted orphan drug status), DEPO +6.8%, ELON +5.7%, LIFE +4.2%, ABAX +3.6% (positive IBD mention), ERICY +3.3% (to sell assets to WVCM), COGT +3.2%, RMBS +3.2% (signs patent license agreement), EXTR +2.8% (Pru upgrade), SIRI +2.7% (passes 4 mln subscriber mark; also settles rift with music firms over radio device - WSJ), SGP +2.5% (upgrades from Goldman and BofA), VICL +2.3% (momentum), CKCM +2.3% (to delay 10-K, but expects no change in results), VPHM +2.2% (bounces after 33% drop on Friday), GM +1.6% (co and UAW may be nearing deal), XMSR +1.5% (in sympathy with SIRI)... Bird flu stocks are strong on news of more cases in MidEast: HEB +11%, GNBT +5%, AVII +2.4%, NVAX +2.2%... Mining stocks are strong on GLG/WTZ merger: NAK +15%, RGLD +3.6%... Under $3: TGEN +16% (extends Friday's 16% move), PRGX +13% (extends Friday's 18% move), EONC +10% (extends Friday's 19% move), CBMX +9%, BCON +7.6%, DVW +7% (Needham upgrade).
Disclaimer & How I use this list
Thanks for the DHI shooting star. That was very profitable and very easy. I'm going to look for more of those.
Hi Mike - long time no correspondence (I'm the guy with the book "What They Don't Teach You at Yale" which you plugged for me one time after I left you a nice tip). Would you please analyze UTX daily chart for me please. Looks like a hanging doji star or something like that if I remember my chart reading correctly signaling a reveral? Thanks.
Fred, I'm glad I could help. :-)