Recap: Thursday Nights Scan for May 2nd
JRJC was able to break the last resistance and looks rather strong. I don’t think much will be in play on the short side due to probable consolidation at these higher levels.
WSCI it sold off a bit more Friday before recovering, this should test $14+ Monday perhaps recovering towards mid 14’s low 15’s by Wednesday.
UTEK still relatively strong, it didn’t test $14 the play here is the $15 break. It’s becoming less appealing on the short side… $15 break could send it spiking $1-1.50.
CNC did correct about .50 cents Friday, it needs to lose $18 again and could play down to $16.50-$17. It has to break through $18 though, or else its not even worth your radar screen.
MESA played out really well, the squeeze over $1.00 and it sat right back down after that move Friday morning. This may open a bit higher and try to consolidate around $1.00 but I’m sure we head back there sooner then later.
Scan coming soon for Monday!
