I didn’t get chance to run my scans yet, so nothing’s on the swing trade list today. The gappers are below, but I’m not doing anything until after the interest rate decision.
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
Longs – None
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
CEPH -6% (cut to Peer Perform at Thomas Weisel), TECH -6% (reports JunQ), ADRX -4% (reports Q2 results; light on revs), SYMC -1.5% (discovers and corrects error in non-U.S. consumer rev)… Under $3: DJT -46% (to file Ch11 in refinance plan – WSJ), DCEL -37% (reports Q2, guides).
Gapping Up
NVDA +6% (announces $300 mln stock repurchase program; Needham upgrade), TASR +10% (announces orders), ALKS +13% (announces Eli Lilly decision to proceed with Inhaled Insulin program), ACF +11% (Piper upgrade after strong JunQ), SNDA +11% (beats by $0.09), VCLK +8% (completes acquisition of Pricerunner, raises rev guidance), CTIC +7% (started with a Buy at WR Hambrecht; tgt $16), ROXI +7% (announces deal to sell unit to SNIC/earnings report), VION +6% (reports JunQ), DISH +3.5% (reports, authorizes $1 bln stock buy back)…. Under $3: BVSN +28% (agrees to pay to break four long-term leases, reducing quarterly cash burn rate by more than $2.7 mln), TMTA +10% (Schwab upgrade).
Take a look at ERTS (short). Double top breakdown, with dead cat bounce to the 200-day MA. Also note bearish formations in related video game makers, ATVI and THQI.
Yasser,
I agree that they all look bad. I’ll be watching for an entry point in them.