OMAG
See my previous comments. Treat as for initial red session Supernovae. Basically unchanged. Potential fade.
HCHC
Supernovae, still maturing, See my previous comments. Advanced less than 1.5% today with lower close than its open on moderately modest volume. Potential short.
No chart on this stock.
HIIT
Again see my previous comments. Another maturing Supernovae, this one rose over 5% on modest volume.
ITKG
Refer again to my previous comments. This doji print Supernovae scan finished unchanged. Possible short.
INFU
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 3.50) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.25. Needs to keep above the Monday close, or at least above 3.30 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.50 are ideal for aggressive entry.
MDGN
In play both ways. As a long on continuation of momentum above 6.25/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6 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 6. The fade is more likely given the price action on Monday, but keep an open mind.
WMC
Bullish Engulfing. I like this long over 14.24/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 14 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
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
See my previous comments. Treat as for initial red session Supernovae. Basically unchanged. Potential fade.
HCHC
Supernovae, still maturing, See my previous comments. Advanced less than 1.5% today with lower close than its open on moderately modest volume. Potential short.
No chart on this stock.
HIIT
Again see my previous comments. Another maturing Supernovae, this one rose over 5% on modest volume.
ITKG
Refer again to my previous comments. This doji print Supernovae scan finished unchanged. Possible short.
INFU
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 3.50) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.25. Needs to keep above the Monday close, or at least above 3.30 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.50 are ideal for aggressive entry.
MDGN
In play both ways. As a long on continuation of momentum above 6.25/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6 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 6. The fade is more likely given the price action on Monday, but keep an open mind.
WMC
Bullish Engulfing. I like this long over 14.24/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use as a stop. Ideally stays above 14 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
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