VCEL
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 12.05) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Monday close, or at least above 11 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 11.85 are ideal for aggressive entry.
AGEN
Over extension fall fail at 6. Many up days. Place a stop not much above 6 and try for a morning panic entry short, etc.
MCF
Parabolic Sar scan. I like it long over 3.49 and holds. Modest volume on the rise Monday, a decent sign for new longs. Place a stop under the close Monday or the 1st 30 minute low Tuesday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
IRDM
Bullish Engulfing. I like this long over 11. 70/holds. Medium volume on the rise, which is a tepid 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 for stops. Ideally stays above 10.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
MFIN
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 4.42/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 4.42 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still approaching, suggesting reversal upwards may not be here yet.
CUE
B/O scan. I like it long back over 16.43 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. Exiting below 15.50 on fails after trigger entry is possibly advisable. Early r/g buy?
INNT
In play both ways. As a long on continuation of momentum above 21/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 17/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 17.30. The fade is more likely given the price action on Monday, but keep an open mind.
New users: Read my trading guide for my play set-ups!
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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
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 12.05) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Monday close, or at least above 11 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 11.85 are ideal for aggressive entry.
AGEN
Over extension fall fail at 6. Many up days. Place a stop not much above 6 and try for a morning panic entry short, etc.
MCF
Parabolic Sar scan. I like it long over 3.49 and holds. Modest volume on the rise Monday, a decent sign for new longs. Place a stop under the close Monday or the 1st 30 minute low Tuesday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
IRDM
Bullish Engulfing. I like this long over 11. 70/holds. Medium volume on the rise, which is a tepid 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 for stops. Ideally stays above 10.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
MFIN
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 4.42/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 4.42 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still approaching, suggesting reversal upwards may not be here yet.
CUE
B/O scan. I like it long back over 16.43 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. Exiting below 15.50 on fails after trigger entry is possibly advisable. Early r/g buy?
INNT
In play both ways. As a long on continuation of momentum above 21/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 17/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 17.30. The fade is more likely given the price action on Monday, but keep an open mind.
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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