The market’s gapping up again, with an extra boost from the revised GDP numbers. However, unlike yesterday, today it’s actually trading above the previous day’s high. Maybe this will finally get some shorts to cover and bring in some real buyers…
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
BCSI -18.2% (downgrades/tgt cuts); NCTY -12.2% (reported last night); SAFM -8.7% (earnings report); JOYG -6.% (earnings report); VG -4.2% (initiated with downgrade at boutique firm); XMSR -3.6% (downgraded at Bear Stearns/multiple tgt cuts); LEND -2.8% (to acquire Aames Investing); BUCY -2.7% (in sympathy with JOYG); PLMD -1.9% (earnings report); KSS -1.3% (downgraded at Deutsche); GOOG -0.85 (in reaction to YHOO/EBAY deal).
Gapping Up
SGY +22.7% (offers to acquire Stone Energy); ENCY +13.4% (submits complete response to FDA for Thelin new drug application); EBAY +9.1% (announces strategic partnership with YHOO); PDC +8.1% (earnings report); JLG +7.2% (reported last night); SIRI +5.4% (reaffirms subs guidance); ARTG +5.4% (upgraded at Raymond James); RF +5.4% (to merge with AmSouth); CHINA +4.5% (earnings report); YHOO +4.3% (announces strategic relationship with EBAY); PSS +3.7% (upgraded at Goldman); BOOM +3.1% (initiated with a Buy at Jeffries); KLAC +2.9% (upgraded at BofA); EBAY +2.6% (upgraded at Pru); NBR +2.1% (initiated with an Add at Calyon); SEPR +1.9% (announces data for Lunesta brand eszopiclone).
INSM +15.6% (Announces Iplex availability nationwide for children with severe short stature); HOKU +13.3% (Reports U.S. Navy’s Acceptance of Fuel Cell Systems Incorporating Hoku MEA); BDCO +11.6% (last night enters into new pipeline transportation agreement)… Commodities: SSRI +4.9%, GOLD +3.4%, RTP +3.4%, TS +3.2%, PD +3.1%, AAUK +2.8%, SIL +2.2%
Disclaimer & How I use this list
