TRCH
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 1.74) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.50. Needs to keep above the Friday close, or at least above 1.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.59 are ideal for aggressive entry.
PSEC
Parabolic Sar scan. I like it long over 6.91 and holds. Decent volume on the rise Friday, a weak sign for new longs. Place a stop under the close day or the 1st 30 minute low Monday. 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.
ICAD
Bullish Engulfing. I like this long over 5.67/holds. Moderate 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops.
Ideally stays above 5.51 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
MLNT
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 6.55/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 6.54 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent buy volume, which could mean overt buy interest is arriving, suggesting reversal upwards may be imminent.
RYB
B/O scan. I like it long back over 9.44 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. Modest volume on the rise, a fair sign for new buys. Exiting below 8.97 on fails after trigger entry is possibly advisable. Early r/g buy?
AT
Short back under 1.75/holds. No holds. Over extended. Stop above 1.85.
CIFS
Long over 1.40/holds. Short under 1.28/holds.
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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 1.74) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.50. Needs to keep above the Friday close, or at least above 1.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.59 are ideal for aggressive entry.
PSEC
Parabolic Sar scan. I like it long over 6.91 and holds. Decent volume on the rise Friday, a weak sign for new longs. Place a stop under the close day or the 1st 30 minute low Monday. 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.
ICAD
Bullish Engulfing. I like this long over 5.67/holds. Moderate 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops.
Ideally stays above 5.51 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
MLNT
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 6.55/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 6.54 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent buy volume, which could mean overt buy interest is arriving, suggesting reversal upwards may be imminent.
RYB
B/O scan. I like it long back over 9.44 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. Modest volume on the rise, a fair sign for new buys. Exiting below 8.97 on fails after trigger entry is possibly advisable. Early r/g buy?
AT
Short back under 1.75/holds. No holds. Over extended. Stop above 1.85.
CIFS
Long over 1.40/holds. Short under 1.28/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
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