Breakouts:

CMO is on the verge of breakout, this could easily fill the gap to $16.00 on a break of $13.92 (lets call it $14) which is the 200 day moving average. There is a double top around the 13.75 area. The play here is buying on the $14.00 break.

BCF is breaking its all time highs, this is well on its way towards the $20s

ENI - Amazingly bullish stock, this is heading for over $20 and hasn’t shown any weakness to this point.

Short Watch: Near Term

BEXP topping off it may squeeze through $10 but if volume dries and starts to show weakness this will test sub $9

GBRC - this one is topping off, perhaps one more squeeze towards the $4.50 range and that’s about it, this is up way to much.

The following I am looking for spikes to short on, these are all on the verge of breakout but still have another $1 to $2.00 in their squeezes, if they don’t and turn red, perfect time to short - these are not long term shorts they are just short term trades. It’s taking advantage of a price correction after a huge move higher, although they may sustain over the long period and make even more highs they still need to consolidate and filter out some of the longs. Investors/Traders end up satisfied with there enormous gains in such a short period of time and the first sign of weakness they are afraid to give them all back.

HL I’d like to see test $14

HA - this could squeeze almost to $10 before it takes a break

AAV looks very toppy today but given market conditions I’d like to see another squeeze out of it before I’m convinced theres a good short side opportunity

CLR - what a move for the longs, this may test $45 again shortly but needs a break if it’s going to hold any of these gains longer term

CF I wouldn’t be surprised to see $160 before it gives shorts some ease

BG on watch towards $130

BTU $68 I’ll start watching

Tags: AAV, BCF, BEXP, BG, Breakouts, BTU, CF, CLR, CMO, ENI, HA, HL, NASDAQ, Shorts, VNGM

This entry was posted on Wednesday, April 16th, 2008 at 11:56 pm and is filed under NASDAQ, Plays, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.