The S&P managed to climb back above its 200-day moving average yesterday and it looks like it will retest that level on this morning’s small gap down. Somebody wake me up when we’re out of this trading range. Zzz…
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: ADI -11%, SIR -10%, CREE -8%, LMIA -7.8%, NVDA -7.5% (earnings ok, but co delays EPS on option review), PSUN -5.9%, ADO -4.5%, ELX -2.6%… Other News: PARL -34% (to delay 10-Q, guides below consensus), BSG -23% (CEO resigns, co hires adviser; Merrill downgrade), BFT -20% (CEO resigns, co says no sale/merger has materialized, looking at other alternatives), DT -5.1% (UBS downgrade), PLLL -4.2% (stock offering), JNPR -2.3% (to restate earnings on options probe; says stock may be delisted), VOD -2% (JP Morgan downgrade), CSR -1.8%, XMSR -1.6% (FCC requests more info), NOK -1.6%, IFX -1.5%, BP -1.1% (provides pipeline update), AAPL -1.2% (to delay 10-Q).
Gapping Up
Gapping up on strong earnings/guidance: NXG +6.4%, FMD +5.5%, KSS +3.5%, GG +2.2%… Other News: IDR +29% (to be acquired), XNL +11.6% (responds to ShareSleuth.com posting), ENCY +7.5% (lung drug gets European approval), IIVI +3.3% (extends recent momentum), HANS +2.5% (defended by Goldman), N +2.4% (RIO to launch bid for co), ASEI +2.1% (extends yesterday’s 26% move), PD +2.1%, OSIS +2% (appears on CNBC), MRVL +1.6% (bullish Cowen note), UAUA +1.2% (profiled in BWeek Inside Wall St section), HAL +1.1%, HD +1%… Under $3: REV +14% (insider buys), CHTR +9% (plans debt swap), GV +11% (reports Q2), EZM +5.9% (reports Q2).
Disclaimer & How I use this list
