Watchlist for March 20, 2006

We’re set for a slightly higher open this morning. The QQQQ is hovering right around Friday’s high and its 50-day moving average. I’ll be watching that closely to see if it can breakout.

Potential swing trades:

See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

BMRN -5.8% (announces mixed shelf offering), NYMX -5.3% (profit taking after 63% move on Friday), REDF -5.1% (mentioned negatively in Technology Trader – Barron’s), CRHCY -4.2%, FDG -4.1% (says Q1 volumes will be lower than forecast because of high inventory levels), CMVT -2.4% (OpCo downgrade), LAMR -2.2% (TWP downgrade), CCL -1.6%, PMCS -1.3%, NYX -1.3%, ECA -1.2%… Under $3: LU -4.8% (mentioned negatively – Barron’s), NASI -7% (receives notice of non-compliance from Nasdaq).

Gapping Up

MIK +13% (considering putting itself up for sale), SBSE +54% (to be acquired by GE), STRL +12% (reports Q4), SCLN +9% (Zadaxin granted orphan drug status), DEPO +6.8%, ELON +5.7%, LIFE +4.2%, ABAX +3.6% (positive IBD mention), ERICY +3.3% (to sell assets to WVCM), COGT +3.2%, RMBS +3.2% (signs patent license agreement), EXTR +2.8% (Pru upgrade), SIRI +2.7% (passes 4 mln subscriber mark; also settles rift with music firms over radio device – WSJ), SGP +2.5% (upgrades from Goldman and BofA), VICL +2.3% (momentum), CKCM +2.3% (to delay 10-K, but expects no change in results), VPHM +2.2% (bounces after 33% drop on Friday), GM +1.6% (co and UAW may be nearing deal), XMSR +1.5% (in sympathy with SIRI)… Bird flu stocks are strong on news of more cases in MidEast: HEB +11%, GNBT +5%, AVII +2.4%, NVAX +2.2%… Mining stocks are strong on GLG/WTZ merger: NAK +15%, RGLD +3.6%… Under $3: TGEN +16% (extends Friday’s 16% move), PRGX +13% (extends Friday’s 18% move), EONC +10% (extends Friday’s 19% move), CBMX +9%, BCON +7.6%, DVW +7% (Needham upgrade).

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