AMMJ
Watch again and see my previous comments. Still up a lot possible fade on weakness. Rose again Monday, nearing recent highs.
HADV
Also near recent highs and a possible fade on weakness.
CNAB
Same thing here. Up quite a bit still but on modest slightly advancing volume. Possible short.
MNTR
Also still up a lot. Fell for second day running on less volume, potential fade on weakness.
STAA
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 10.30) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Monday close, or at least above 9.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.25 are ideal for aggressive entry.
MOBL
In play both ways. As a long on continuation of momentum above 3.68/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.50/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 3.57. The fade is more likely given the price action on Monday, but keep an open mind.
MGT
Bullish Engulfing. I like this long over 1.94/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 1.70 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
New users: Read my trading guide for my play set-ups!
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Watch again and see my previous comments. Still up a lot possible fade on weakness. Rose again Monday, nearing recent highs.
HADV
Also near recent highs and a possible fade on weakness.
CNAB
Same thing here. Up quite a bit still but on modest slightly advancing volume. Possible short.
MNTR
Also still up a lot. Fell for second day running on less volume, potential fade on weakness.
STAA
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 10.30) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Monday close, or at least above 9.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.25 are ideal for aggressive entry.
MOBL
In play both ways. As a long on continuation of momentum above 3.68/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.50/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 3.57. The fade is more likely given the price action on Monday, but keep an open mind.
MGT
Bullish Engulfing. I like this long over 1.94/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 1.70 on pull backs to remain viable as a long if it triggers. No big gaps or 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
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