Tuesday, May 04, 2010

Watchers for the 5-5-10 trading session

AKRX

New 52's. Closed on hod. Possible gapper. Looking for more upside at least initially, or a red to green move.

BIOD

Looking to expand on its taking of the 5 level, this has had 2 good days already. Good volume, should have some early strength or a red to green move. Failed on a college try 6 test Tuesday.

LOOK

This is nearing over extension territory but may have more left, as it has been quite strong lately. Volume is fading a bit for the bulls, but it went up on -200 Dow day. If you get a fade chance, wait for clear weakness.

LEI

Stubborn little bugger, I am still waiting for a chance to fade this on any sell off with conviction. Patience!

PDGO

Nice breakout, good looking chart. Ideal is a pull back on lighter volume to the new floor of 1.47 ish, but as so often happens, the chance does not always present itself, so it better really be running hard to justify chasing for even more upside.

MMRF

At 52's, closing on hod. I look for more greening, at least out of the gate. Probably good for a long scalp.

EVSI

2 good sessions of inching up. Room for one more, or at least early as a scalp on Wednesday. A hod close.


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