Watchlist for February 24, 2006

If I didn’t know better I’d think that somebody wanted oil to stay above $60.

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 disapointing earnings/guidance: MRGE -30% (to delay Q4 results, guides below consensus), ELGX -19% (also Montgomery downgrade), HRB -8.7%, NABI -8.4%, FARO -7.3%, MCHX -6.6%, SLXP -5.8%, GPS -5.5% (also Three top executives exit Gap – NY Post), JWN -3.7% (also Deutsche downgrade), STXS -2.8%, TIBX -2.7% (also Bear Stearns downgrade), MGRC -2.3%, WYNN -1.9%… Other News: DCN -25% (begins working with a restructuring advisor – WSJ), NFLD -6.2% (US senator questions FDA-approved blood study – Reuters), AAUK -2.9%, ISRG -2.3% (extends recent slide, stock down 50 pts this month), SI -2%, HMY -1.5%, GSK -1.5%, INTC -1% (FBR downgrade)

Gapping Up

Gapping up on strong earnings/guidance: NTES +12.3% (also multiple upgrades; up in sympathy: LTON +7%, SNDA +1.6%), CHK +4.2%, AMT +2.3%, MRVL +2%, OXY +1.7%… Other News: WTZ +21% (to be acquired by GLG), CPST +9% (unveils new energy system with FCEL), ZONA +5.8% (mentioned in BWeek as a takeover target), KRY +5.3% (gets permit for gold mine – AP), OIIM +4.8%, CONR +4.1% (wins patent ruling), JBLU +3.8%, FLOW +3.7% (signs contract with Airbus), DUSA +3.7% (clinical data), SUN +3.7% (Bear Stearns upgrade), SUF +2.4% (extends yesterday’s 22% move), RMBS +1.7% (extends yesterday’s 13% move)… Oil & Gas stocks are higher on Saudi oil field explosion: UPL +3.1%, VLO +2.6%, HAL +2%, NBR +1.7%, COP +1.6%, BJS +1.3%… Under $3: NXG +21% (reports Q4), ISO +13% (reports Q4), TMTA +12% (reports Q4), NGRU +9% (momentum), CDSS +7%.

Disclaimer & How I use this list