Watchlist 12/02/10

BORN watch this for a potential movement. May pullback to 11 if the market is weak or run to above 12 to test resistance.

BIOD watch to see if it breaks aove the 10ma

SIHI*** the 200ma held here today. Must watch to see if this bounces off and runs or if it breaks with significant volume.

CORT is 4% from it's 52 week high. It is near overbought conditions, but has rarely traded above an RSI of 70 in the past year. This stock has news coming out regarding a new drug and the phase 3 results.News is very promising and stock has been valued at 5-7$ This maybe a good swing trade.

HSFT had a big run. Look to see if this continues as it has in the past or if it loses steam to close red for a pullback day.RSI and Full Stoch show it has room to move up.

SIFY has room to move up. It is volatile so may be a nice day trade.

REDF this posted a big day today with lots of volume. It may test the 50ma at 4.15 or so and then pullback or gap up and then pull back. Good day trade setup.

CIS has an RSI of 84!!! Stock has been surging and will probably cool off soon. Watch for a potential day trade. Maybe a good short day trade opportunity.

KH posted a huge price gain today. It has also posted a nice hanging man and is in overbought territory. This may be a nice short setup for day trade.

0 comments:

Post a Comment