Watchlist for April 10, 2008

See one of the recent 'Chart Reading' posts for some potential swing candidates. Also be sure to check my typical swing trade entry & exit rules.

Potential day trades:

(From Briefing.com)

Gapping Down

SMCI -10.8%, VMED -8.9%, FMCN -4.0%, BBBY -3.8%, RAD -3.3%, BCS -3.1%, LEH -2.8%, TS -2.5%, WDFC -2.2%, ERIC -1.5%, RDC -1.3%, UBS -1.0%, VMED -1.0%

Gapping Up

In reaction to strong earnings/guidance/same store sales: GPRE +19.2%, APOG +12.8%, FCSX +11.1%, CBK +10.7%, LOOK +9.8%, PIR +8.9%, MW +6.2%, HOTT +4.5%, CHT +2.9%, SMRT +2.4%, CACH +2.3%, LNDC +1.8%, CTR +1.4%, WTSLA +1.2%, IUSA +1.2%, ZUMZ +1.1%... M&A news: MLNM +51.1% (to be acquired by Takeda Pharma for $25/share in all cash tender offer)... Other news: FRPT +8.7% (US DOD approves $125 mln armored truck sale to Britain armored truck sale to Britain - Reuters), ABAT +5.0% (announces $3.3 mln contract with Beijing's Ding Xin Yi Tong Science & Technology), GERN +4.4% (FDA hearings on stem-cell drugs - WSJ), AMGN +4.0% (Roche filed on Wednesday to appeal a preliminary court injunction barring U.S. sales of its anemia drug Mircera -- analysts believe the Appeals court will be less likely to allow Roche to launch under a license agreement; also the action date for FDA's priority review of romiplostim has been extended to July 23, 2008), FRO +3.9% (still checking), NKTR +3.7% (announces that "positive preclinical and clinical results" for its pipeline programs will be presented at numerous medical and scientific meetings over the coming months), TX +3.7% (comments on recent developments in Venezuela), CPST +3.7% (announces that it has received an order valued at $2.03 mln from Samsung C&T), HOKU +2.9% (subsidiary Hoku Materials announces amendments to polysilicon plant engineering and construction contracts), CALM +2.7% (announced it will commence new dividend policy for third quarter of fiscal 2008), AMR +2.5% (modestly rebounding; cancels more flights - AP), CTCM +2.4% (Cramer makes positive comments on MadMoney), YHOO +2.1% (News Corp., AOL pursue Yahoo deals - WSJ), EMKR +2.0% (to acquire Intel's enterprise and storage optical assets, intel connects cables business, expects to be accretive to earnings), MRK +1.6% (Cramer makes positive comments on MadMoney), IMCL +1.5% (profiled in Weekday Trader section of Barron's), SHPGY +1.4% (still checking)... Analyst upgrades: ADCT +6.5% (upgraded to Buy at Deutsche Bank), PMCS +3.1% (upgraded to Neutral at BofA), ARUN +2.3% (upgraded to Buy at Brean Murray), WLK +2.2% (upgraded to Overwt at Morgan Stanley), HAL +1.6% (upgraded to Buy at tier 1 firm), SMTC +1.3% (upgraded to Buy at BofA), ADI +1.3% (upgraded to Buy at BofA), ISRG +1.1% (initiated with a Buy at Lazard).

Disclaimer & How I use this list