LZB
New 52's. Short term, these yearly high stocks usually go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 17.13) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 16.85 on pull backs to remain viable as a long, aside from any early noise. Nice move over 16.50 on daily chart.
KRG
Red floater scan return. Idea is to play for more, real down side on day 2. Closed red almost 1.5% on Thursday off a gap up that ended below the debut. Stop above the previous day session high (5.69) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Low sell volume on Thursday means it might have fair chances to work. A 5.65 fail would be ideal. Up a tad A/H. Avoid all big gaps/longs. Gate dump?
KEG
B/O scan. I like it long back over 7.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote shift. Exiting below 7.25 on fails after trigger entry is advisable. Early r/g buy? 7.45+ ideal.
DCIX
Bullish Engulfing. I like this long over 5.71/holds. Low volume on the rise, which is a fair sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 5.65 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
ITMN
Looking for a technical breakout long on the daily chart above 10/holds. Or a scalp buy from spike ups at or near the gun. No play on real weakness as a short, keep flat on 10 fails, etc. Possible early red to green long off initial pseudo weakness that defeats 10+. Possible 2 step entry with 2nd half added for buyers over 10.21/holds, the 9-21-12 high off the doji print. Avoid all big gaps. No A/H quote. Stops under 9.50.
SSH
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 6.41/holds. Avoid all big gaps, especially up ones. 6.50+ is the ticket. No A/H quote. If it gaps over the trigger or 6.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
AEGR
Hammer scan short. The tail is arguably too long to use the low as a stop level unless the position is modestly sized. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 20/holds. Avoid all big gaps, especially down ones. Up a tad A/H. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 20 fail as the floor. Stop above today's high at the most if more aggressive.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
New 52's. Short term, these yearly high stocks usually go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 17.13) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 16.85 on pull backs to remain viable as a long, aside from any early noise. Nice move over 16.50 on daily chart.
KRG
Red floater scan return. Idea is to play for more, real down side on day 2. Closed red almost 1.5% on Thursday off a gap up that ended below the debut. Stop above the previous day session high (5.69) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Low sell volume on Thursday means it might have fair chances to work. A 5.65 fail would be ideal. Up a tad A/H. Avoid all big gaps/longs. Gate dump?
KEG
B/O scan. I like it long back over 7.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote shift. Exiting below 7.25 on fails after trigger entry is advisable. Early r/g buy? 7.45+ ideal.
DCIX
Bullish Engulfing. I like this long over 5.71/holds. Low volume on the rise, which is a fair sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 5.65 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
ITMN
Looking for a technical breakout long on the daily chart above 10/holds. Or a scalp buy from spike ups at or near the gun. No play on real weakness as a short, keep flat on 10 fails, etc. Possible early red to green long off initial pseudo weakness that defeats 10+. Possible 2 step entry with 2nd half added for buyers over 10.21/holds, the 9-21-12 high off the doji print. Avoid all big gaps. No A/H quote. Stops under 9.50.
SSH
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 6.41/holds. Avoid all big gaps, especially up ones. 6.50+ is the ticket. No A/H quote. If it gaps over the trigger or 6.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
AEGR
Hammer scan short. The tail is arguably too long to use the low as a stop level unless the position is modestly sized. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 20/holds. Avoid all big gaps, especially down ones. Up a tad A/H. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 20 fail as the floor. Stop above today's high at the most if more aggressive.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
No comments:
Post a Comment