DGLY
Supernovae, still maturing. Review my previous comments, still in effect. Rose over 13% Friday on strong volume. Potential short on over extended weakness.
JRJC
Again, see my previous comments. Another rapidly maturing Supernovae. It rose over 5.5% on lesser volume Friday. Potential fade.
NFEC
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 3.47) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3. Needs to keep above the Friday close, or at least above 3 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.21 are ideal for aggressive entry.
TBBK
B/O scan. I like it long back over 10.04 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low on Monday. Avoid all shorts and all big gaps. The low on Friday is probably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 9.75 on fails after trigger entry is possibly advisable. Early r/g buy?
AHT
Bullish Engulfing. I like this long over 11.59/holds. Modest 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 11.44 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
MGT
In play both ways. As a long on continuation of momentum above 1.27/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10 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 1.10. The fade is more likely given the price action on Friday, but keep an open mind.
TTI
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 11.14/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 11.12 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which could mean overt buy interest is just approaching, suggesting reversal upwards is soon on tap.
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Supernovae, still maturing. Review my previous comments, still in effect. Rose over 13% Friday on strong volume. Potential short on over extended weakness.
JRJC
Again, see my previous comments. Another rapidly maturing Supernovae. It rose over 5.5% on lesser volume Friday. Potential fade.
NFEC
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 3.47) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3. Needs to keep above the Friday close, or at least above 3 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.21 are ideal for aggressive entry.
TBBK
B/O scan. I like it long back over 10.04 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low on Monday. Avoid all shorts and all big gaps. The low on Friday is probably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 9.75 on fails after trigger entry is possibly advisable. Early r/g buy?
AHT
Bullish Engulfing. I like this long over 11.59/holds. Modest 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 11.44 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
MGT
In play both ways. As a long on continuation of momentum above 1.27/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10 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 1.10. The fade is more likely given the price action on Friday, but keep an open mind.
TTI
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 11.14/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 11.12 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which could mean overt buy interest is just approaching, suggesting reversal upwards is soon on tap.
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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