After a couple of up days I won’t be surprised to see consolidation today — especially with the jobs (payroll) report due out tomorrow morning. Nevertheless, I have a good-sized list of setups that I’m watching.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Retailers gapping down on disappointing March same store sales: PSUN -3.9% (also guides lower), ANF -3.3%, GPS -2.3%, HOTT -1.5%, PLCE -1.3%, AEOS -1%… Other News: ENTU -18% (guides lower), NVAX -12% (RBC downgrade, $3 tgt), WBSN -11.8% (guides lower), PAL -6.6% (profit taking after recent move), RIV -6.6% (to be acquired at price below stock price), ICTG -5.9% (prices offering), INTV -4.2% (reports FebQ), FLSH -3.8% (terminates agreement with Samsung), TUES -3.7% (reports Q1 sales), MRK -3.7% (Vioxx trial verdict), LCCI -3.3% (CFO resigns), ONNN -2.9% (stock offering), RAD -2.7% (reports FebQ), CELG -2% (negative WSJ article), AAUK -1.5%, ABB -1.5%, WEN -1.4% (reports comps).
Gapping Up
MMM +4.2% (guides higher), BDCO +26% (newsletter mention; momentum), ULGX +15% (FDA approval), NAPS +10.4% (guides higher), FUEL +8.4% (in sympathy with BDCO, momentum), WFII +7.7% (Navy contract), BEBE +6.8% (Mar same store sales), BBBY +6.7% (reports FebQ), TRFC +8.7%, MSO +6.4% (new brand to be developed for Macy’s), FSII +5.5%, HYTM +4.8% (expects to get European patent), IIJI +4.7%, UTSI +4.5% (positive Credit Suisse comments), SAP +4% (ABN Amro upgrade), SVI +3.6% (Rochdale initiates with $17 tgt), STKL +3.6% (extends relationship with Jamba Juice), NITE +3.4%, BSX +3.3% (reaches pact on antitrust issues), MTRX +2.9% (reports FebQ), FLEX +2.8%, TS +2.6% (momentum), ASML +1.9%, COST +1.6% (Mar same store sales)… Mad Money mentions: KRY +20%, BW +8.3%… Mining stocks are strong as gold prices are up again: TGB +6.3%, CUP +5.3%, GSS +4.2%, FCX +2.4%, KGC +2.2%, BGO +2.2%, AUY +2.1%, PD +1.6%… Under $3: QEE +20% (mining stocks strong), AGT +13% (reports on Huizopa project), EZM +6.4%, CVM +6.4%, DVW +5.4%, GNBT +4.6%.
Disclaimer & How I use this list
