Thursday, April 16, 2015

Watchers for the 4-17-15 trading session


Again see my previous comments. Supernovae still advancing. Up over 2% on smaller volume than last time. Possible fade. A stubborn stock that should pop soon given all the up days.


See my previous comments again. Despite today's fall it's up a bunch and may have some gravy downside.


More big up moves to new highs over 36%. Potential fall for this recent Supernovae scan.


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 10.60) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Thursday close, or at least above 10 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.20 are ideal for aggressive entry.


B/O scan. I like it long back over 1.02 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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 tepid sign for new buys. Exiting below 0.95 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 1.48/holds. Low volume on the rise, which is a good 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 1.45 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


In play both ways. As a long on continuation of momentum above 1.75/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.50/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 1.50. The fade is more likely given the price action on Thursday, but keep an open mind.

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