NFEC
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 14.49) and holds. Avoid shorts, keep flat on true weakness. Nice move above 12. Needs to keep above the Thursday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 14 are ideal for aggressive entry.
AETI
Again, possible gravy short on a drop. Essentially a 1st red session Supernovae.
MARK
B/O scan. I like it long back over 1.80 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. Medium volume on the rise, a tepid sign for new buys. Exiting below 1.70 on fails after trigger entry is possibly advisable. Early r/g buy?
ACRX
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 3.29/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 3.26 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 developing, suggesting reversal upwards may be delayed a bit.
KLXE
Parabolic Sar scan. I like it long over 25.88 and holds. Modest volume on the rise Thursday, a mediocre sign for new longs. Place a stop under the close Thursday or the 1st 30 minute low Friday. 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.
DISCK
Bullish Engulfing. I like this long over 27.01/holds. Decent volume on the rise, which is a weak 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 too far away to use for stops.
Ideally stays above 26 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
KMPH
Long over 2.99/holds. Short back under 2.85/holds.
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
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 14.49) and holds. Avoid shorts, keep flat on true weakness. Nice move above 12. Needs to keep above the Thursday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 14 are ideal for aggressive entry.
AETI
Again, possible gravy short on a drop. Essentially a 1st red session Supernovae.
MARK
B/O scan. I like it long back over 1.80 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. Medium volume on the rise, a tepid sign for new buys. Exiting below 1.70 on fails after trigger entry is possibly advisable. Early r/g buy?
ACRX
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 3.29/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 3.26 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 developing, suggesting reversal upwards may be delayed a bit.
KLXE
Parabolic Sar scan. I like it long over 25.88 and holds. Modest volume on the rise Thursday, a mediocre sign for new longs. Place a stop under the close Thursday or the 1st 30 minute low Friday. 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.
DISCK
Bullish Engulfing. I like this long over 27.01/holds. Decent volume on the rise, which is a weak 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 too far away to use for stops.
Ideally stays above 26 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
KMPH
Long over 2.99/holds. Short back under 2.85/holds.
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