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Archive for May 6th, 2008

Tuesday Night Stock Scan for May 7th

Tuesday, May 6th, 2008

VIT - breakout out, watching for a gap and run to potentially short on, on a slight correction but this could be a major move beginning
VIT

IAR from scan today broke through the days highs at $4.60. It appeared very strong into close. This should be in play and test $5 tomorrow. This is the biggest volume days in months, and first reversal in about 6 months, so this way have some legs…
IAR

WSCI if you played it, great job on the bounce. The easy parts over… on the $13 break it moved to $14.15 and ended +1.13 on the day. This may gap and consolidate tomorrow but IMO, the easy parts over. On a $14.15 break this may test $14.50-$15, otherwise it will probably consolidate around $13.50 and not be worth the trade.
WSCI

JRJC up $2.00 today, that’s why its so important to watch for the consolidation at higher levels and breakouts above previous resistance. This stock should test $25 IMO.
JRJC

WMG on the verge of breakout
BONT stuck under $10, break = squeeze, fails to break = short
HA down a buck today unable to break towards new highs
All charts viewable HERE

AAPL on the verge of a +5.00 day or a correction back to $178-180
AAPL

MA made it to $300!
MMR finally made it to $30

AGMS added to Under the Radar Stocks

Tuesday, May 6th, 2008

End of March and beginning of April AGMS had a lot of volume on this stock. This has been a recent trend in a lot of big movers, volume a month or two before a major move starts, just on radar….

AGMS.OB
AGMS

You can view the rest of the under the radar stocks here

IAR flirting with high of day

Tuesday, May 6th, 2008

Watch a breakout here of $4.60, if this moves towards $5 and breaks it this is going to turn into a multi day move with some opportunities both on the long and short side.

1 month
IAR
3 month
IAR
1 year
IAR

More on this later….

WSCI broke $13 and 30 cents from $14!

Tuesday, May 6th, 2008

Great bounce if you pulled the trigger on WSCI

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+

Nice bounce today on WSCI - this may or may not test $14 but a very nice profit from $12.70’s on the break of $13. This may need to consolidate in the $13.35-$13.50 range if its going to head any higher
WSCI



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