Recap: Tuesday’s Nightly Stock Scan for Wednesday the 30th!
Last nights daily scan consisted of SOHU, TMY, SWHC and ENOC.
SOHU didn’t attempt any squeeze in fact, opened very week and sold off to end the day -$3.00. It did want to test the $70 support, broke it right out of the open, came back a bit made lower lows and went south to a low of $67.67. This should consolidate the rest of the week and it may dip more, however the easy part is over.. next.
TMY - had no real juice to even attempt the .75 break, sold off and headed straight to 50 cents. Sure enough this will probably be back in the .40s tomorrow, again who isn’t happy with 300% off the bottom.
SWHC - again I like this one for a ride to $10’s but not before a consolidation period and today’s correction. I figured It’d test $7.25 but that wasn’t good enough it sold off until just above $7 dollars. Watch for this to consolidate before it heads any higher.
ENOC has earnings on May 7, 2008. This is on watch again for the $16 break heading into options but not worth holding over. Heres the chart.
