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Archive for May 5th, 2008

A Few Potential Breakouts and a Quadruple Top to Watch

Monday, May 5th, 2008

EXXI very nice move off consolidation, at this point I’m only watching for a more of a squeeze there is no reason to take a position or short here, it’s like throwing darts, watch for this to break $7 before stalking it. The downside is small in my opinion, there has been lots of consolidation in the $5 area.
EXXI

FEED - beautiful bounce off the lows all the way back up to new highs - This is in squeeze mode watch for another $1-2 dollar move and you may be in business for a correction back down to $20. But I’d like to see it test today’s highs again. I was looking for WSCI to do a similar move but the correct back to $13 wasn’t enough and broke back under $13. It’s definately on watch now on the re-break of $13 which could be a move back to $14+
FEED
WSCI

FBP on watch for the break of the quadruple top, if this breaks $11.15-11.25 this can really spike as its been tough resistance for months
FBP

WHT breakout chart watch for a move towards $4.50, consolidation around the $4.25 level before a move higher.
WHT

VSCI from scan last week and this weekend - on a tear towards $6.00.
VSCI

DSCO short watch - I’d like to see it trade above $2 before it heads back to $1.30-1.40s but it may not…
DSCO

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Monday, May 5th, 2008

Expect a scan for Tuesday posted shortly.

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Under the Radar BANI KYUS MNLU hit new highs

Monday, May 5th, 2008

New one on scan is BANI - has been making new highs but extremely low volume, added to the under the radar stocks to watch

BANI.OB watching for volume
BANI
This could easily turn into an awful drop like EVEH

KYUS.OB quite a bit of volume today, still sneaking up under the radar screens like its counter part MXFD.OB
KYUS

MNLU.OB extremely low volume - 52 week high, curious how this one turns out
MNLU

Among others under the radar, GTXO.OB has been active as of late

STEC broke out on earnings, MESA back to where we thought!

Monday, May 5th, 2008

STEC on breakout scan jumped on strong Q1 and upbeat guidance. You can read more about that HERE.
STEC
Other STEC blogs HERE.

MESA behaved how I figured, it spiked Friday giving a great short opportunity to anyone who read… and back under $1.00 it goes - this may head all the way back to high 80s before it consolidates…
MESA



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