Watchlist 04/21/11

TIVO (TiVo Inc.) this is in play for a day trading opportunity. This could definitely test 11.50 again, but watch carefully on the minute chart.

MPEL (Melco Crown Entertainment Ltd (ADR)) looks way overbought. Might push past 10 to squeeze, but expect this to dip big as traders exit for a long weekend.

YMI (YM BioSciences Inc. (USA)) looks overbought as well. It is trading at a new 52 week high and is a volatile stock. MACD and RSI show there could be a little more upside. Look for 3.30 or so before a dip.

SYMX (Synthesis Energy Systems, Inc.) has all indicators showing it is overbought. It posted a red candle today and looks like it could hit 3.50. Look for signs of weakness. This could test 4.20 before a dip. Be wary of gaps down.

IDIX (Idenix Pharmaceuticals, Inc.) posted a hanging man and has all indicators showing it is oversold.

GNK (Genco Shipping & Trading Limited) looks oversold here. Watch for reversal.

0 comments:

Post a Comment