I’m not seeing much that I want to mess with in the pre-market. Maybe things will be clearer around 10:00 but this is feeling like another short day for me. If the market starts to head higher I’ll be waiting for a break of the Nasdaq’s 50-day moving average before joining in.
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: ADAM -21%, MIVA -13%, NGAS -8%, SONS -3.1%, PG -2.8% (guidance only)… Other News: HGSI -9% (clinical data; appears dosing issues are worrisome for investors), CMVT -6.7% (forms committee to review option grants, delays earnings release), MGAM -5.2% (Iowa senate passes ban of TouchPlay machines), CDE -3.4%, LVS -2.9% (prices offering), NFLD -2.7% (U.S. senator demands FDA answers on blood study – Reuters), KSS -1.9% (C.O.O. retires, broker downgrade), WNR -2% (Bear Stearns initiates at Peer Perform), LEXR -1.6% (JP Morgan downgrade), NYX -1.3% (files for secondary offering), EMRG -12% (profit taking after big move).
Gapping Up
Gapping up on strong earnings/guidance: HAWK +8.3%, DEPO +6.8%, CMG +5%, HRS +4% (guidance only), TTP +3.4%, VTIV +3.1%, GS +3.7% (up in sympathy: LEH +2.5%, MER +1.2%, LM +1%, JPM +1%)… Other News: MRX +7.1% (acquires rights to Reloxin), UARM +6.5% (BofA initiates with $32 tgt), BUD +2.7% (upgrades from Bear Stearns and Deutsche), VLRX 9.3% (gets two initiations of coverage), YMI +4.9%, OCPI +3.8%, IOTN +3.2% (Nightline focused on IED’s last night), RES +2.6% (files 10-K), NMTI +2.2% (Unterberg upgrade), TOPT +2% (extends yesterday’s 21% move)… Mad Money mentions: AVNX +15%, EDR +7%, ANGO +5.2%… Bird flu stocks are higher as death total hits 100: NVAX +3.1%, AVII +2%… Under $3: SMTX +45% (reports Q4), ISV +7% (positive clinical data), NGEN +6.3% (extends yesterday’s 6.2% move).
Disclaimer & How I use this list
