It looks like another flat open this morning. I’m not expecting much action on the indices ahead of the long weekend — so we’ll probably have a furious rally! I may start my weekend early if I don’t see some high volume movers by 11 or so.
On Today’s Calendar:
- 10:00 — Wholesale Inventories
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
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 weak earnings/comps/guidance: RDCM -23.9%, RACK -13.6%, RSTO -7.2%, SHLM -3.9%, HWAY -3.7%, NSC -2.6%, NTY -2.5%, ZZ -2.5%… Other news: HAYZ -26.9% (still checking… note that co reported earnings yesterday morning), ICAD -24.0% and HOLX -3.1% (NEJM publishes article that claims computer-aided detection reduces accuracy of screening mammograms), MAMA -3.4% (profit-taking following yesterday’s move), CYTR -2.9% (profit-taking following yesterday’s move), AHM -2.9% (downgraded to Underperform at Bear Stearns).
Gapping Up
Gapping up on strong earnings/comps/guidance: FFHL +17.6%, MTRX +9.3%, SCSC +7.2%, NSR +5.4%, DBRN +5.4%, DLIA +5.2%, SIMG +4.9% (guides Q1 revs to low end of range, CFO to retire), STZ +3.3%… M&A: WEBM +24.7% (to be acquired by Software AG for $9.15/share)… Other news: AMC +23.5% (completes over $113.2 mln of financing and investment volume), POSS +13.5% (receives new FDA approval for Spiroflex VG Catheter), ALDN +10.5% (wins deal to supply up to 3.8 mln Indian IT students with eToken authentication keys), ENCY +9.6% (follow-through momentum after yesterday’s breakout), PLUG +8.3% (announces distribution partnership in India ), GNVC +7.1% (follow-through momentum after yesterday’s breakout), BMD +6.0% (receives significant aggregate order), GROW +4.2% (momentum).
Disclaimer & How I use this list
