CNAT
See my previous comments on this reddening Supernovae. Looking for gravy down side. It finished essentially flat today. Might crack once more soon for a potential short.
DTLK
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 15.33) and holds. Avoid shorts, keep flat on true weakness. Nice move above 14. Needs to keep above the Wednesday close, or at least above 14 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 15 are ideal for aggressive entry.
ATOS
B/O scan. I like it long back over 2.56 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 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. Exiting below 2.40 on fails after trigger entry is possibly advisable. Early r/g buy? Up A/H 1.5%+ so let it settle in first.
RVLT
Bullish Engulfing. I like this long over 3.22/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too distant to use as a stop. Ideally stays above 3.13 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
FSPM
In play both ways. As a long on continuation of momentum above 2.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 2. The fade is more likely given the price action on Wednesday, but keep an open mind.
HZNP
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 8.50/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 8.47 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still approaching, suggesting reversal upwards may soon be at hand.
DYAX
Red floater scan return. Idea is to play for more down side on day 2. Closed red by almost 2% on Wednesday off a gap up open that ended below the debut. Stop just above the Wednesday session high (9.72) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest sell volume on Wednesday means it may have unclear chances to work. A 9.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
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See my previous comments on this reddening Supernovae. Looking for gravy down side. It finished essentially flat today. Might crack once more soon for a potential short.
DTLK
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 15.33) and holds. Avoid shorts, keep flat on true weakness. Nice move above 14. Needs to keep above the Wednesday close, or at least above 14 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 15 are ideal for aggressive entry.
ATOS
B/O scan. I like it long back over 2.56 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 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. Exiting below 2.40 on fails after trigger entry is possibly advisable. Early r/g buy? Up A/H 1.5%+ so let it settle in first.
RVLT
Bullish Engulfing. I like this long over 3.22/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too distant to use as a stop. Ideally stays above 3.13 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
FSPM
In play both ways. As a long on continuation of momentum above 2.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 2. The fade is more likely given the price action on Wednesday, but keep an open mind.
HZNP
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 8.50/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 8.47 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still approaching, suggesting reversal upwards may soon be at hand.
DYAX
Red floater scan return. Idea is to play for more down side on day 2. Closed red by almost 2% on Wednesday off a gap up open that ended below the debut. Stop just above the Wednesday session high (9.72) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest sell volume on Wednesday means it may have unclear chances to work. A 9.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
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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