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Archive for June 16th, 2008

Breakout Stock Screener and Reversal Stocks for Tuesday the 17th (ELNK) (PMCS) and More

Monday, June 16th, 2008

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ELNK Earthlink Inc border line breakout here, I’m a buyer on the break of $10. Nice consolidation between $9.50 and $10, I’d say downside near term is limited and a better breakout potential.
ELNK

PMCS Pmc-Sierra Inc - $9.00 here is the breakout, notice it’s tried a handful of times but hasn’t managed to do it, a buy on the $9 break is probably a safe bet, if it doesn’t hold it you should be able to get out with a limited loss.
PMCS

BOLT Bolt Technology Corporation - broke out of consolidation today, $22 breaks it still has room to run, look back to last April, it can hold its gains for multiple days before giving them back, so I’m watching for a spike on the long side followed by a correction of at least $1-1.50 if it test $23-24.
BOLT

FINL The Finish Line Inc - recent consolidation, the volume is starting to kick up a bit, watch for $8.20 break to buy the breakout
FINL

PFB PFF Bancorp Inc - nothing really attractive about this chart at all, these kind of stocks always scary to go long in because it can always be a long selling before it heads to 0, however if it does catch momentum and non-believers aren’t selling and let it go this has A LOT of room to squeeze. And volume is returning.
PFB

TIV Tri Vy Corp - volume picked up today, $7 is the key break. If you look at the chart start in February follow it through until this month and you’ll notice $7 has proved to be the resistance point.
TIV

EFGU.PK Bottom Reversal (EFGU) - Empire Film Group Inc

Monday, June 16th, 2008

EFGU - Empire Film Group Inc - Worth a watch for tomorrow (Tuesday) you can’t ignore a day like today and a stock’s past like this one, this squeezed over $6 just months ago and looks like it may be starting something again…. worth it to have on radar.

EFGU

EFGU

Recap: Hot Stocks Scan for Monday the 16th of June

Monday, June 16th, 2008

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BAMM - from last night broke out of consolidation, looking like a healthy reversal coming

Last Night: Books-A-Million Inc - starting to move off bottom here, I like this chart if it can hold $8 here. Reversal very probable, notice the volume starting to head back up.

BAMM

PLXT - nice dip today - still having trouble with holding over $9. I will buy this on the $9.05 break.

Last Night: Plx Technology Inc - bullish volume/price action on Friday, over 1/2 million shares switched hands and the price stayed up, longs want this up and are willing to support at this $9 level. I like this one on a $9.20 break for the move towards $10.

PLXT

DMRC - wait out of the open tomorrow for a $12.05-12.10 break. This is a style move that could carry a good squeeze with it but not until it breaks past previous resistance or proves that $12 is support.

Last Night: Digimarc Corp - Fridays volume spiked up a bit, as well as the PPS. Watching for the $12 break here for a maintained move. A break break should provide a good .25 to .50 spike and potentially even more towards $14.

DMRC

PEC - closed HOD, at resistance levels, this is a tough area until $17, if it breaks $17 its a good buy on dips, if it has trouble its a good short.

Last Night: Pike Elec Corp at major support (from the consolidation) and resistance ($16.50 area) - if it breaks over last highs a $1.50+ upside is probable.

PEC

LAB - This is a bullish candle today, shows the dip was completely bought out, a break of $8.12 should send this to new highs.

Last Night: Labranche & Co Inc - let it re-test $8 out of open, it may have a quick sell off towards $7.65-7.70 before breaking back through $8 and supporting a move towards $9+

LAB



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