Watchlist 02/28/2011

DPTR (Delta Petroleum Corp.) had a big run the last few days on no noticeable news. RSI is overbought, but MACD and Stochs look like there is still some upside available. Watch for signs of reversal on the intraday chart.

ICO (International Coal Group, Inc.) may be on the verge of a breakout if it can beat 9.78 although the real break is above 10.00. It's riding a big uptrend, but has had declining volume. Indicators are mid line as well so caution is advised.

EROC (Eagle Rock Energy Partners,L.P,) may reverse course soon. This may not occur this week, but it should be watched. Still has room to tag upper bollinger, but then a decline may ensure from there. MACD and price seem to be diverging. Just watch.

GLDD (Great Lakes Dredge & Dock Corporation) posted a bearish engulfing pattern. Confirmation is needed, but it may look to retest the recent low near 7.20. Look for a possible run to 7.65 with a dip following.

UTA (Universal Travel Group) has a recent golden cross and has bounced off the 50sma. Watch at the open and be wary of gaps up. Look for a pullback to previous close or the 50sma as long entries. A breach below the 50sma is a stop.

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