We've got a small gap up working this morning. Let's see if we can get any follow-through. The first levels I'm watching are yesterday's highs on the indices and the S&P's 200-day moving average.
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 disappointing earnings/guidance: TTWO -17% (also multiple downgrades), SHFL -4.8%... Other News: INTN -5.1% (extends recent sell-off; stock down 64% in 6 weeks), DSX -4.2% (completes follow-on offering), CUP -3.1% (extends yesterday's 18% drop), TS -2.1%, MIK -1.8% (delays Q1 report; launches options probe).
Gapping Up
NSM +3.8% (reports MayQ; also JMP Sec upgrade), QSII +11% (reports MarQ), ILE +9% (momentum), ESCL +8.7% (announces auction data), BSMD +6.4% (FDA clears co's guidewire), PRLS +6.2% (reports Q1), SIMC +4.3% (momentum), FNSR +4.2% (bounces after 25% drop yesterday), TTM +4.2% (bounces after recent weakness), KRY +3.8% (bounces after 6% drop yesterday), GLW +3.7% (Needham upgrade), ACGY +3.1% (secures heavy construction ship), HANS +3.1% (bounces after 5.5% drop yesterday), TXN +3.1% (mid-qtr update), PLAY +2.9% (Stanford Research upgrade), ATI +2.9% (Deutsche upgrade), BOOM +2.8%, PEIX +2.4%, ABB +2.3%, JPM +2.2%, AMTD +2.1%, TIE +2.1%, PFCB +2%, ADM +1.9% (Pru upgrade), Under $3: GNLB +12.3% (forecasts cash level).
Disclaimer & How I use this list
