Watchlist 05/02/11

REDF (Rediff.com India Limited (ADR)) still looks way overbought. Really thought a pullback was coming friday, but it never materialized. Look for a high volume dip below 16.

FAX (Aberdeen Asia-Pacific Income Fund, Inc.) looks like it posted tweezer tops. Look for this to push to 7.5 or even 8 before a pull back.

ZIOP (ZIOPHARM Oncology Inc.) looks like it has more upside potential. Could see 8 before a dip. This could possibly be played both ways for any good day trader. Will watch to see how it opens.

INN (Summit Hotel Properties, Inc.) definitely has more upside after closing near the high of the day. Could see a pullback after 11.80 or so. Be cautious.

AIB (Allied Irish Banks, plc. (ADR)) looks like it could pop here. 20sma just crossed above the 50sma. A/D is low and all other indicators are at mid line. It's a bank play so it can be affected by overseas financial news. Look for 3.60 +

TRE (Tanzanian Royalty Exploration Corp. (US)) had two huuuge days of trading. It just closed at the high of the day. Look for a continuation with a move to 7.50+. A gap up may occur but look for a dip to the previous day's closing before an entry.

ICO (International Coal Group, Inc.) can run above 11.16. It has limited upside though at around 11.50 maybe even 11.65. Contrarians can try and call a top around there for a play on the dip. This looks like its topped out and may begin a downtrend.

DF (Dean Foods Company) looks like it may test a high from last year of 12. It closed near the high of the day and A/R and MACD are showing rooms towards the upside. Look for a dip to 10.90 or so before entry.

YHOO (Yahoo! Inc.) can this pop above 18? Watch.

0 comments:

Post a Comment