Monday Night Stock Scan for Tuesday the 24th of June
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Other scan from tonight:
(MXC) Mexco Energy Corp (PDO) and Other Crazy Energy/Oil Plays
MNKD Mannkind Corp - needs to hold $3 but can reverse towards $4 on a $3.20 break, volume returned a bit today - worth a watch
MEA Metalico Inc - looking for a gap and potential squeeze towards $20, lots of consolidation around $16 so I’m not convinced on the short yet. In fact I’d watch for the consolidation just below $18 and buy back on the $18 break. More thoughts in chat if it comes into play.
NGA North Amern Galvanzng & Ctng - volume spike today - will buy once a dip shows reversal. It’s been consolidating at $8 for nearly a month, downside semi limited in the near term in my opinion.
NYNY Empire Resorts Inc I will short this on failure to snap $4, if it gaps I may take a start position and add if it goes red.
Keep an eye HERE on GSPG.OB - QMNM.OB these are GREAT intraday trades, QMNM the most liquid stock of the day!
From Scan last night, and then today GSI in play off our scan and hit the +$2 we expected - looking for a gap over $14 followed by a potential correct back towards $13.
From Today
GSI grabbed the $2 more of upside I expected, down currently 40 cents off its highs, am looking for .50-$1.00 pull back form that $14 level.
From Sunday Night
GSI General Steel Holdings Inc - $12 break I’m a buyer only for a quick flip because thats big resistance to break should spike .50-$1.00 + on the break (it has run to spike another $1.00-2 max in my opinion (on this move), after that I’ll be looking for reverse sides for downside potential of $1.00 or so, based on its past it seem as though once it reverses direction it gives back nearly all its gains.
June 24th, 2008 at 10:16 pm
[…] From scan HERE. […]