We’re set for a tiny gap down this morning. Let’s see if the bulls can make it two days in a row…
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 earnings/guidance: SCHL -14%, YRCW -12% (down in sympathy: ABFS -3.5%, JBHT -3.2%), APT -8%, MOVI -4.1%, APOL -3%, FRED -2.4%, ADBE -2.1% (also RBC downgrade)… Other News: UTSI -4.6% (receives Nasdaq non-compliance notice), CBMX -4.1%, TOPT -3.1%, BWNG -2.8% (announces private placement), EMC -2.4% (JP Morgan downgrade), SNY -1.7% (profit taking after yesterday’s 10% move)… Bird flu stocks seeing profit taking after recent run: HEB -4.3%, NVAX -2.7%, AVII -2.4%.
Gapping Up
Gapping up on earnings/guidance: XRTX +20% (up in sympathy: NTAP +1.4%), JBL +7% (also Needham upgrade), GIGM +25% (stock up 120% since our Dec 19 profile), FMTI +8.8% (guidance only), BVF +6.8%… Other News: GNBT +9.1% (bounces after 34% drop yesterday), LVLT +11.3% (Bear Stearns upgrade; note stock up 12% since our Nov profile), PTIX +7.3%, SVI +6.3% (Mad Money mention; Note: stock +12% since our profile last week), KOP +5.5% (Mad Money mention; note stock +8% since our profile last month), CLWT +4.4%, ELNK +4.4% (Jefferies upgrade), CDE +3.1% (JP Morgan upgrade), IFX +2.8%, AAUK +2.7% (doubles share buyback program), AMD +2.4% (DELL buying Alienware being seen as a positive for AMD), IUSA +2.3%, YHOO +2.3% (UBS upgrade), HLIT +2.2% (Kaufman upgrade), ICBC +2.1% (SOV settles dispute with investor group relating to ICBC purchase), TASR +2.1% (announces order), VDSI +1.7% (ThinkEquity initiates with $12 tgt), BHP +1.5%.
Disclaimer & How I use this list
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