Watchers for the 4-30-10 trading session

KERX

Big move. Not ideal volume, but watching for a 5 test and convincing run above that, or a fail there to short.

LMCO

May keep inching up on Friday, at least early on, with a 2.30 test. The rug will get pulled soon on this promotion, Friday, or sometime next week is the question. Long is possible early if moving up, with caution.

PRRY

This could still see more down side, as it has that red floater feel to it. Short on weakness with the usual cues.

ANTS

This is strong, but becoming over extended, if it weakens Friday, you know what to do using the usual entry cues. Do not stand in front of a bus, if it looks strong, do not try to get in at the top, be patient!

BEE

Potential breakout. Long if it can take and hold 6.24 on strong volume. Short on a failed test of that level.

SFI

Potential breakout. Long if it can take and hold 6.71 on strong volume. Short on a failed test of that level.

IMOS

Looking to test 2, I would not be surprised to see it rip again out of the gate. Over extended, so also on short watch. Down after hours currently, an early r/g possible. If it goes back to red, possible fade entry.

DIVX

9 test and possible short on profit taking there if it fails to power beyond that. Also could just roll over 9.

OMNI

Likely a spike out of the gate, possible long scalp. This could also yield a great fade play if it goes red early.

RAS

This NYSE stock could easily see 4.50+ if we have a decent day on the S&P Friday. Already up after hours.

LOPE

Despite its heavy volume initial tank, this recovered and held the 50 SMA. See my comments from last time on entering this as a swing trade, as it is still in play Friday. The hope is that by several sessions later it will have risen.


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