Not Much on Scan - Here’s a Few to Watch for Wednesday June 25th!
Tonights scan really didn’t produce ANY results. So I have two of interest directly below and then went back through some previous scans and found charts that have set up for their next move.
Watch these Oil and Energy plays for volatility:(MXC) Mexco Energy Corp (PDO) and Other Crazy Energy/Oil Plays
There were a few other scans tonight you can find buy either scrolling down or “previous page”
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ROYL Royal Energy Inc - This is an EXCELLENT day trade there are many swings both long and short. The volume is enough to get in and out and play bigger for that quick 10 cent scalp or smaller and wait for the .30 to .50 move.
QMNM Quest Minerals & Mining Corp - This thing that burst out of no where should be a good bounce tomorrow, the volume is still there, trading nearly $8 million dollars for the second day in a row. Pretty amazing - this very well could test .05 again given a bounce, but until it turns its a bit questionable. It had news after hours so may propel it out of the bell as long as their are more buyers than sellers.
Scans from previous charts:
IPSU from scan HERE - held the $14 and broke higher, watching for a move towards $16.
IPSU great move today watching for more of a move tomorrow, needs to hold $14 as support for a confirmed reversal - HERE
IPSU Imperial Sugar Co New - coming off bottom, I am a buyer on the $14 break for breakout towards $16 - HERE
BOLT played out nicely from scan - it has since consolidated and looks likes its ready for more. Keep an eye for the $24 break for a squeeze towards $26.
From previous scan HERE.
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.
NVTL - a great play on the $12 break, its come right back after consolidation.
Novatel Wireless Inc (NVTL) sitting just below $11 - this has closed the gap from mid April and is in squeeze mode after testing the $10 support today, watch for dips for the move towards $12+
MYEC - down 50% since writing about it HERE and have also since covered my short. Yes I think it will break below $2.00 but it can also bounce quickly on low volume and my hunch is it’all probably attempt to below falling below $2.
June 25th, 2008 at 12:53 pm
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