Sunday Night Scan for Monday June 2nd
Sunday, June 1st, 2008If you’d like to receive a daily recap of InvestorsLive blog post please join HERE.
If you haven’t visited chat yet during the trading ours you can do that HERE.
ACTL - $17.20 is the 52 week high, this should test $18 easily when it snaps the high and may move as high as $20 before more consolidation. If it remains unsuccessful at breaking any higher - I’m not convinced that it’s a short since its been a slow and gradual move.
PESI After a handful of unsuccessful attempts to break through and sustain a move above $2.50 Perma-Fix Environmental Services will attempt once again on Monday. Watch for $2.50 to hold as support and $2.60 break may be the good buy for a move towards $3.
WIND - Watch for the squeeze above $11- this can easily move back towards 52 week highs of $13.42 if $11 breaks and holds. I wouldn’t short this here - if anything it’s probably a better buy on dips (technically - not fundamental based)
BGS - Nearly a month of tight gradual consolidation with big volume on Friday, watching for a move towards $10 I will wait for the $10 to brea before buying - can squeeze back towards highs.
CMO - Very similar to BGS, watching here for the $14 break, these channels are getting tighter and tighter which symbolizes a bigger than normal move in which ever direction it decides to go.
HCKT - I like this chart, its really not all that much and can support a much larger move. It may dip a bit before retesting highs and then cruise through $5.50. On that break, $6-7 is possible.
LLNW on bottom reversal watch. This needs a second day, most days that it has began to move it just sells off the following day. It broke through its previous three highs so may carry a bit more momentum with it - I’d like to see a $3.50 break before jumping in.



