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Posts Tagged ‘EGY’

Breakout/Bottom Reversal Stock Scan for Wednesday the 14th of May

Tuesday, May 13th, 2008

Lots of bottom reversals coming off steady consolidation in the past few days. Make sure you check out the previous blogs HERE and HERE from tonight recapping a few plays.

AMCS bottom reversal watching for $2.25 break and it may test $2.50+ short term
AMCS

AVNR - $1.40 break is big here, currently sitting at $1.30 - the volume is following this move higher
AVNR

PAL - this had a very nice run back in April, it has since consolidated and found bottom. This needs to break $6.50 (or thereabouts - its previous highs) before it makes a move towards $7-8.
PAL

EGY - Breakout + Squeeze watch. This can break towards $8 and squeeze quickly before selling off. So there is two plays a long on the breakout and a short once it does break out and we see a $.50 to $1.00 move.
EGY

UQM from last nights scan, broke previous highs, this is very bullish. Watch for the $3 to test.
UQM

QTWW - 3 to 4 attempts to break $1.50, failed each time, watch for the $1.50 break to squeeze towards $1.75-2 range.
QTWW

FROM LAST NIGHTS SCAN

ABAT slight dip and closed at the high (bullish)
CPST broke to new highs (watch for the gap and crap or gap squeeze and sell off)
STHH and BIOD on watch for squeezes

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