Watchlist 04/11/11

ELN (Elan Corporation, plc (ADR)) looks way overbought. Posted a hammer and a doji. All indicators are showing overbought levels. Look for a run to above 8 followed by a pullback.

GY (GenCorp Inc.) had a big run off of good earnings. This is showing signs of being overbought and should be watched for a top reversal above 7. Could possibly hit 7.50 before pulling back.

SYMX (Synthesis Energy Systems, Inc.) had a big run and looks overbought as well. A/D shows mid-line levels though. Look for signs of weakness and a run to 3.50 or so.

PUDA (Puda Coal, Inc) just a news play. There are allegations floating, but a new headline has hit the wire. Let's see if this has any affect on the price. Just a day trade possibility.

OCZ (OCZ Technology Group Inc.) posted an evening star. RSI and A/D show overbought conditions. Is trading outside bollingers. Look for signs of reversal.

ARR (ARMOUR Residential REIT, Inc.) closed near the low of the day. Had a huge gap down. Look for this to trade below 7 and possibly reverse for a nice day trade.

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