We’re set for a basically flat opening this morning. I have a few potential shorts that I’m watching but with the indices perched just above support I’m in no rush to jump in them. I’ll try them when & if support breaks.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
SRA -11% (takes itself off market, seeks acquisitions – Reuters), ZLC -6.5% (announces SEC investigation), HYTM -5.6% (criticized for off-label drug usage by NY Post), MYOG -4.8% (positive clinical data, but was expected), SCHN -3.2% (reports FebQ), HOT -18% (announces depair of paired shares in connection with the HMT transaction), ESRX -2.2% (Morgan Stanley downgrade), AMAT -1.6% (UBS downgrade), ATYT -1.4% (FBR downgrade), CMED -1.3%… Under $3: VEGF -62% (ends clinical trial enrollment), OTD -15% (profit taking after 89% move on Friday), CRAY -10.4% (receives Nasdaq potential delisting notice).
Gapping Up
OLAB +23% (extends Friday’s 189% move), BDCO +5.9% (extends recent huge move), RAD +5.5% (Credit Suisse upgrade), CVC +5.1% (declares special dividend of $10/sh), BBI +3.8% (Citigroup upgrade), SVA +3.6% (completes immunization schedule in Phase I trial), TTIL +3.4% (CIBC upgrade), PEIX +2.3%, VRTX +2.1% (C.E.O. appears on CNBC), SAP +2.1% (positive mention in Forbes.com), BP +1.8%… Mining stocks are strong on higher gold prices: NXG +8.2%, TGB +6.6%, PAL +6.6%, FRG +5.6%, CUP +3.2%, KRY +2.1%… Mad Money mentions: FLWS +11%, CRYP +7%, TS +4.1%… Under $3: CTIC +12% (granted patent), XOMA +4.6%.
Disclaimer & How I use this list
