We’re headed for a slightly lower open today. I’m looking for S&P 1250 to hold as support intraday. To the upside, I’ve still got my eyes on the 200-day moving average (~1261) as a wall of resistance.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
PTEC -29% (guides down sharply; announces restructuring), PARL -8.4% (co says it’s not prudent to move forward with CEO takeover bid), RNWK -8.3% (Goldman downgrade), BSX -6.8% (Blood clots raise concern on stents – WSJ), UTSI -6% (reports MarQ), SRDX -5.9%, BBBY -5.1% (reports MayQ; also Bear Stearns downgrade), RAD -5.1% (reports MayQ), JBL -3.5% (reports MayQ; gets SEC informal inquiry re stock options), TARO -3.4% (guides FY05; to restate ’03 and ’04), UVN -3.4% (Blackstone, KKR drop out of bidding – Reuters), XRTX -3% (reports MayQ; stock had run up late yesterday into the release), CELL -3% (Amtech says Nokia cancellation of Sanyo JV seen as negative for CELL), ALTR -3% (expects restatement related to stock based comp), BIDU -2.4% (negative newsletter report; says GOOG has sold stake), SUPG -1.7% (Lazard downgrade)… Under $3: GLGC -17% (withdraws guidance).
Gapping Up
PCNTF +14% (MediaRing raises bid for the co – AP), CCDC +29% (to be acquired by Liberty Partners), NICE +7.9% (raises guidance for Q2), NOVL +6.5% (ousts CEO and CFO; names new CEO), ASYT +5.3% (to purchase additional 44.1% of ASYST Shinko), ENCY +4.9% (presents clinical data), NFLX +3.4% (Lehman upgrade), TIE +3.1% (profiled in New America section of IBD), CRXL +3.1%, N +3.1% (guides Q2 above consensus), NVAX +2.9% (WHO: Bird Flu Spread Among Family Members — AP), DLM +2.7% (reports AprQ, announces transformation plan), MA +2.7% (Morgan Stanley initiates with Overweight), ADBE +2.4% (signs distribution deal with Google), FDO +2.4% (reports MayQ), HGSI +2.1% (Phase 2 data), PEIX +2%, ACAM +1.7%, VLO +1.5%… Under $3: FMDAY +18%, PRZ +7% (extends yesterday’s 25% jump), FONR +6% (extends yesterday’s 77% jump).
Disclaimer & How I use this list
