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Posts Tagged ‘BCF’

Now for some Breakouts and Short Candidates

Wednesday, April 16th, 2008

Breakouts:

CMO is on the verge of breakout, this could easily fill the gap to $16.00 on a break of $13.92 (lets call it $14) which is the 200 day moving average. There is a double top around the 13.75 area. The play here is buying on the $14.00 break.
CMO

BCF is breaking its all time highs, this is well on its way towards the $20s
BCF

ENI - Amazingly bullish stock, this is heading for over $20 and hasn’t shown any weakness to this point.
ENI

Short Watch: Near Term

BEXP topping off it may squeeze through $10 but if volume dries and starts to show weakness this will test sub $9
BEXP

GBRC - this one is topping off, perhaps one more squeeze towards the $4.50 range and that’s about it, this is up way to much.
GBRC

The following I am looking for spikes to short on, these are all on the verge of breakout but still have another $1 to $2.00 in their squeezes, if they don’t and turn red, perfect time to short - these are not long term shorts they are just short term trades. It’s taking advantage of a price correction after a huge move higher, although they may sustain over the long period and make even more highs they still need to consolidate and filter out some of the longs. Investors/Traders end up satisfied with there enormous gains in such a short period of time and the first sign of weakness they are afraid to give them all back.

HL I’d like to see test $14
HL

HA - this could squeeze almost to $10 before it takes a break
HA

AAV looks very toppy today but given market conditions I’d like to see another squeeze out of it before I’m convinced theres a good short side opportunity

AAV

CLR - what a move for the longs, this may test $45 again shortly but needs a break if it’s going to hold any of these gains longer term
CLR

CF I wouldn’t be surprised to see $160 before it gives shorts some ease
CF

BG on watch towards $130
BG

BTU $68 I’ll start watching
BTU



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