Wednesday, March 03, 2010

Watchers for the 3-3-10 trading session

SQNM

Analyst upgrade. Very strong over past month. Over extension short possible. So many green sessions.

VSTNQ

1st down day of a Supernovae. Usually these "red floaters" have more down side left in them.

SCEY

Pump bait, so be careful. But this one from last time is really over extended now, and could tank fade.

HEPI

See my comments for SCEY, the exact same observations apply.

CHGY

Up so much it will likely be heavily shorted, as it might weaken, so finding shares will be tough. This could still be a long on red to green. Is this going Supernovae, too? Time will tell.

ACXM

Great breakout, looking to test 19, but looking kinda top heavy with so many of the past 13 sessions up.

DRRX

Resistance hit a few times recently around 2.55-7 If this gets over 2.60 on heavy volume, it could breakout.

AAPH

Volume is fading and this is beginning to look a bit long in the tooth. Also at 52's so it might spike up early.

I am also watching VHC for over extension shorting, HALO to take out on heavy volume the 7 level  (possible early spike) or fail there for short fading, and AAPH to run out of gas for a sell fade, if it allows that.


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