At the top of my list early this morning are AAPL, PLAY, MNTA and HOKU…
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
SCHS -19% (says financers back out, guides lower — AP), WVCM -11% (profit taking after recent move higher), JDSU -7% (discloses Material Weakness in 10-K filing), VTSS -6.4% (guides below consensus), HEPH -6% (Jefferies downgrade following the US govt’s indication that it might procure fewer treatment courses than expected), CELG -5.5% (Revlimid PDUFA date extended 3 months by FDA), SWIR -4.1% (RBC downgrade).
Gapping Up
HOKU +24% (announces exercise of options by US Navy), LEXR +20% (JP Morgan upgrade), BDCO +17% (enters new pipeline transportation agreements), BVEW +11% (to be acquired by Symantec), MNTA +8% (ThinkEquity strongly urges shorts to cover; reits Buy and $54 tgt), BBG +7%, NVEC +5% (awarded additional VMRAM funding), ENWV +5% (bounces after 50% drop in last 3 sessions), SPLS +4.7% (Goldman upgrade), NGAS +4.5%, NRG +4.4% (to merge with Texas Genco), LEN +3.6% (being added to S&P 500), BZH +3.4% (to replace LEN in the S&P MidCap 400), MLNM +1.8%, MER +1.6% (Barron’s cover story says stock trades at discount)…. Under $3: ISON +13%, FMTI +9.5% (FDA clearance).
Intraday Updates:
- 09:38 Nice continuation of the move off the bottom for AEOS this morning
- 09:40 Nasdaq’s bumping up against its 50-day moving average at 2155. This should be resistance but we’ll see.
- 09:42 retailers are strong early today — SHLD, AEOS, CHIC, PETM…
- 09:44 BIDU’s perking up
- 09:53 CBOU’s up 10%
- 09:54 MOT’s looking interesting on the daily chart
- 09:58 SLAB’s all over the Trade-Ideas scanner
- 10:15 Nasdaq’s now testing the 50 DMA as support
- 10:47 PDLI’s catching a bid
Disclaimer & How I use this list
I hope MNTA can run today. Very dissappointing action on Thursday/Friday.