Scan: GSI UNS TBSI UTEK CRYP EZCH

GSI wants 11 bucks, plain and simple. Looking at the intra-day chart today, it was a slow and steady move up all day. Longs are most definitely in control BUT it was $7 three days ago. My strategy for GSI is similar to what I was watching for on KOG and EXM. It clearly wants to make new highs but I’d rather the top be put in for me and short the weakness (such as this $11 mark). So what does this mean? I’d like to see it test $11 - if it breaks it squeeze mode is still on and could pop another $.50 to $1.00. BUT-lets say it goes to $11.15-11.20 and starts selling off towards $11. I will short on the downward break of $11 with a target cover around $10 and change.

UNS is in complete squeeze mode looking for $32.00. This is another slow and steady intra-day (this is important to note because if the longs continue to stay in control you’ll find yourself adding and adding to your short position with no top in sight.) Strategy here is similar to EXM looking for it to “gap and crap”

TBSI - It’s trying to break $45 but failed today and fell back almost identical to EXM. I’d be looking for another bullish move out of the gate - one last attempt of the bulls to keep this move going, but the move has been fairly large for a $30 dollar stock less than a week ago. This doesn’t mean it won’t go to $50, I’m only in it for a trade when the technicals are a bit overextended. It needs to consolidate near $40 creating a new base before it heads higher. If it does open a bit higher there is a potential for a $3 to $4 dollar short here.

UTEK consolidated around $13 and managed to burst through $14. Up nearly 60% despite the profitable quarter and upgrades it needs to consolidate a bit more before these gains will hold. I’d look for it to retest the low 13’s before moving to $16+.

CRYP one of those stocks where $20 is a magnet, a key break and a key support level. I think this will test the mid 18’s on a breakdown through $20.

EZCH beginning its prowl towards earnings on May 5th. Up 40% in less than a week. If it doesn’t break $14 its a short, if it does break $14 I’ll watch for the squeeze and let it confirm a top. $15 is a lot of resistance. I will post more on this as it plays out.

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From the earlier post today MMR and EXM are still very much in play, MMR may have $2 more in upside (if that) before a $2-3 dollar correction. EXM may gap past $45 in an attempt to save it, and sell off through the day.

Tags: Breakouts, CRYP, EXM, EZCH, GSI, MMR, Shorts, TBSI, UNS, UTEK

This entry was posted on Wednesday, April 23rd, 2008 at 11:58 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.