Like I said yesterday, I’m not expecting much this week ahead of the Fed decision on Thursday. I guess the action will be in the mining stocks today given the merger mania in that sector.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
VSGN -62.2% (Phase III ACCLAIM trial did not meet primary endpoint); ANDS -33.3% (downgraded to Underperform from Outperform at Piper Jaffray); BMET -12.2% (receives subpoena from Dept of Justice, Antitrust Division); ZMH -8.6% (receives subpoena from Dept of Justice, Antitrust Division); PD -7.5% (confirms Inco and Falconbridge agree to $56 bln three-way combination); SYK -6.8% (in reaction to ZMH and BMET announcement); MT -6.3% (announces agreement with Arcelor); PEIX -4.6% (files for 8.25 mln share offering by selling shareholders); BSX -3.2% (announces physician communication providing safety information and retrieving a specific subset of pacemakers); SEPR -2.8% (JP Morgan downgrade); JNJ -2.6% (reaches agreement to sell its Consumer Healthcare business to Johnson & Johnson for $16.6 bln).
Gapping Up
N +12.0% (being acquired by PD); FAL +7.1% (being acquired by PD); FNSR +6.4% (wins $78.9 mln patent infringement verdict against DIRECTV); CIEN +4.4% (upgraded to Market Perform from Underperform at Morgan Keegan); POZN +6.7% (positive data on investigational migraine therapy); PFE +3.1% (reaches agreement to sell its Consumer Healthcare business); ENDP +1.8% (target raised at FBR)… Mining Stocks: EZM +4.6%, AAUK +2.1%, BHP +2.1%.
Disclaimer & How I use this list
