Sunday, April 24, 2016

Watchers for the 4-25-16 trading session

RPRX

Once more, watch for a possible fade. Up tons still. Recent Supernovae. Light volume on sell Friday.


EBIO

Supernovae, still maturing. See my previous comments. Potential fade on weakness. Rose over 68.5% Friday.


LGCY

In play both ways. As a long on continuation of momentum above 2.35/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 2.17. The fade is more likely given the price action on Friday, but keep an open mind.


NTG

Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (18.18) 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. Moderate sell volume on Friday means it may have suspect chances to work. An 18 fail may be ideal. Avoid big gaps/longs. Panic dump?


UIS

B/O scan. I like it long back over 8.24 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 of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a mediocre sign for new buys. Exiting below 8 on fails after trigger entry is possibly advisable. Early r/g buy?


WNC

Bullish Engulfing. I like this long over 12.99/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 arguably too far away to use for stops. Ideally stays above 12.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


TRVN

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 8.36/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 8.33 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is just developing, suggesting reversal upwards is not here yet.


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