May 19 Breakout Stocks for Tuesday the 20th
I could just post all the stocks with the word China in them since just about every stock that begins with “China” was worth trading today: CPSL CSUN CBAX CNTF KUN etc etc
Anyhow I didn’t… and heres the scan for tomorrow:
FPP watch for the ‘gap and crap’ here, this may be a potential short if it can’t hold its pre-market (if any) gains in the morning. I’d expect this to test $5 and then head back down, but only temporarily it should consolidate around the $3.50 range.
CBRX - Nice move here tomorrow it may test the $3.50 break if it fails watch for it to retest $3 and consolidate. This hasn’t had any major volume yet so if a big player comes in and decides to buy or sell the trend can be changed completely.
PEIX Ethanol heating and its potential this holds it gains, but theres enough volume on this one (10 million shares) to trade the trend and take advantage of the swings on both sides, I’m not convinced this is going either way, its up about a quarter after hours and may provide a lot of quarter swings both up and down tomorrow. So my advice on this one is just trade it until a top is confirmed.
NOVN watching this one for the short around $13.50-14 if it doesn’t break it. If it gaps to the $13.20 range and can’t hold those gains it may be a good short when it breaks back under $13 towards $12.50.
SYNM from last nights scan, beautiful breakout today - watching for it to break towards $3 after a brief consolidation
FORC met gravity as I thought - From last nights post:
FORC surprisingly is still up, it dipped and came back quite a bit on Friday. This is a much different market and things don’t sustain for weeks anymore. Keep a watch for the $2.50 break, if it can’t break it… say hello to gravity
If you didn’t read the previous blogs for today you can do so HERE HERE and HERE.
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May 20th, 2008 at 8:43 pm
[…] To view the scan go HERE. […]