DSTI
A look at the daily chart shows a nice coming together of prices with tightening consolidation. This is not the best company, and I would like to fade a break of 2 from above. Anything below 2.08 is suspect, and might lead to the collapse we are hoping for under 2, & a hopeful cover in the mid 1's where some support is found.
AZC
Now seriously over extended, this stock had a high today of 2.40 with a close 2 cents lower. The high is equal exactly to the gap down day old high on May 3, 2010 which corrected for months. I expect this to pull back and yield a fade entry pronto, but if we hold and accelerate over 2.40 on volume, watch out for a long.
FVE
Obviously folks are impressed with their earnings related info, but profit taking can be faded if done carefully. I like this short only if it weakens with cues. Do not enter a fade otherwise, and cover conservatively as stabilizes. Possible long on early strength, but it has already advanced for several days so that is risky.
MDCO
Already up in after hours, this faded nicely today after they won in court once the news aged. I see early strength on the gap up then fading to enter for a short. Let it play itself out and weaken first to get in.
NVMI
Earnings winner beat analyst estimates, gapping up and closing off of its highs. If it can crack 6 I like it as a short, but not otherwise. Any hold of 6 with upward mobility is a long, with a possible retest of today's high.
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