MDXG
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 3.24) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3. Needs to keep above the Monday close, or at least above 3 on pull backs to remain viable as a long, aside from any early noise.
JRCC
A former mover, I like this long back over 2.39/holds. No shorts. No A/H quote. If it gaps over the trigger let it test/hold/perk 1st before entry. Stops under 2.04ish. Advanced almost 11% on modest volume today.
THLD
B/O scan. I like it long back over 4.57 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Very modest volume on the rise, a decent sign for new buys. No A/H quote. Exiting below 4.50 on fails after trigger entry is advisable. Early r/g buy?
AMCC
Bullish Engulfing. I like this long over 6.55/holds. Large volume on the rise, which is a weak 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 6.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts or A/H quote.
RP
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is fairly big sized. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 19.31/holds. Avoid all big gaps, especially down ones. No A/H quote. 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 19.30 fail as the floor. Stop above today's high at the most if more aggressive.
LGND
I like this long back over 19.57. Set a stop not much under 19. Nice move over that today. No shorts. No A/H quote. More aggressively long on a test/hold/perk off 19. FDA approval winner. Spike up scalp buy?
AWAY
Bearish Engulfing. I like it short below the low (20.97) of Monday. Low volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 21.37ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.
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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 3.24) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3. Needs to keep above the Monday close, or at least above 3 on pull backs to remain viable as a long, aside from any early noise.
JRCC
A former mover, I like this long back over 2.39/holds. No shorts. No A/H quote. If it gaps over the trigger let it test/hold/perk 1st before entry. Stops under 2.04ish. Advanced almost 11% on modest volume today.
THLD
B/O scan. I like it long back over 4.57 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Very modest volume on the rise, a decent sign for new buys. No A/H quote. Exiting below 4.50 on fails after trigger entry is advisable. Early r/g buy?
AMCC
Bullish Engulfing. I like this long over 6.55/holds. Large volume on the rise, which is a weak 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 6.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts or A/H quote.
RP
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is fairly big sized. Can use a bit over today's close for risk control. Trigger is below the low of last time, here under 19.31/holds. Avoid all big gaps, especially down ones. No A/H quote. 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 19.30 fail as the floor. Stop above today's high at the most if more aggressive.
LGND
I like this long back over 19.57. Set a stop not much under 19. Nice move over that today. No shorts. No A/H quote. More aggressively long on a test/hold/perk off 19. FDA approval winner. Spike up scalp buy?
AWAY
Bearish Engulfing. I like it short below the low (20.97) of Monday. Low volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 21.37ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.
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
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