RDN
New 52's. Short term, these yearly high stocks often 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 5.73) and holds. Avoid shorts, keep flat on true weakness. Nice move above 5.50. Needs to keep above the Wednesday close, or at least above 5.50 on pull backs to remain viable as a long, aside from any early noise.
VIPS
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Wednesday off a gap up open that ended below the debut. Stop above the Wednesday session high (19.31) to cap losses on head fake fade entries. More conservatively, stop above the open on Wednesday 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. Strong sell volume on Wednesday means it might have suspect chances to work. An 18 fail would be ideal. No A/H quote. Avoid big gaps/longs. Gate dump?
CBRX
B/O scan. I like it long back over 0.63 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Modest volume on the rise, a fair sign for new buys. No A/H quote. Exiting below 0.60 on fails after trigger entry is possibly advisable. Early r/g buy?
GBX
Bullish Engulfing. I like this long over 16.16/holds. Modest volume on the rise, which is a decent 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 15.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
G
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 open alternatively instead. Trigger is above the high of last time, here above 15.54/holds. Avoid all big gaps, especially up ones. 15.50+ is the ticket. No A/H quote. If it gaps over the trigger or 15.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
ACUR
I like this long above 2.50 with strong volume. It needs to hold over 2.30 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 2.30 if tested. Avoid all big gaps, as usual. No A/H quote. Long building flag pattern here you are trying to break out to the upside of.
NEON
Technical break out over 5/holds. This is recent resistance on daily chart. You can play a fall fail off another ceiling at the above level, but I'm flat on that. Also long on spiking up at or near the gun as a scalp. Down A/H a bit less than 1%. Avoid all big gaps. Following up a hammer print on the 24th, so a continuation play. Set a stop just under 5 if conservative or just below 4.80 otherwise to manage risk.
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New 52's. Short term, these yearly high stocks often 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 5.73) and holds. Avoid shorts, keep flat on true weakness. Nice move above 5.50. Needs to keep above the Wednesday close, or at least above 5.50 on pull backs to remain viable as a long, aside from any early noise.
VIPS
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Wednesday off a gap up open that ended below the debut. Stop above the Wednesday session high (19.31) to cap losses on head fake fade entries. More conservatively, stop above the open on Wednesday 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. Strong sell volume on Wednesday means it might have suspect chances to work. An 18 fail would be ideal. No A/H quote. Avoid big gaps/longs. Gate dump?
CBRX
B/O scan. I like it long back over 0.63 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Modest volume on the rise, a fair sign for new buys. No A/H quote. Exiting below 0.60 on fails after trigger entry is possibly advisable. Early r/g buy?
GBX
Bullish Engulfing. I like this long over 16.16/holds. Modest volume on the rise, which is a decent 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 15.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
G
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 open alternatively instead. Trigger is above the high of last time, here above 15.54/holds. Avoid all big gaps, especially up ones. 15.50+ is the ticket. No A/H quote. If it gaps over the trigger or 15.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
ACUR
I like this long above 2.50 with strong volume. It needs to hold over 2.30 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 2.30 if tested. Avoid all big gaps, as usual. No A/H quote. Long building flag pattern here you are trying to break out to the upside of.
NEON
Technical break out over 5/holds. This is recent resistance on daily chart. You can play a fall fail off another ceiling at the above level, but I'm flat on that. Also long on spiking up at or near the gun as a scalp. Down A/H a bit less than 1%. Avoid all big gaps. Following up a hammer print on the 24th, so a continuation play. Set a stop just under 5 if conservative or just below 4.80 otherwise to manage risk.
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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