Sign up NOW for our award winning newsletter!  
 

Posts Tagged ‘GENC’

Monday Nights Scans

Monday, April 14th, 2008

CROX Tanked after hours and will be in play tomorrow! The chart can’t really tell the tale as far as where we are looking for support - but this should be on heavy radar out of the open. I’m sure there will be a quick dead cat bounce before it sells off some more. Join us in chat in the morning to share your views on it!

CROX

Yesterday’s standouts from scan each ended up just where we thought with the exception of GNVC.. .. which I am still not convinced can break to much higher BUT at this point won’t short it unless it squeezes first. EBS and SMSI both lost their support and BIDZ broke down towards the 50 day moving average.

IOMI starting to get a bit toppy around the $2.50 mark.

GENC
This showing no signs of weakness. The way this one moves it could continue towards $30 dollars before it takes a break but highly unlikely. I am looking for a breakout out of open followed by a sell off much like CPST did today. Gaps up a bit higher than its previous close and stays strong until about 10 or 10:30AM before beginning its topping and selling off. I don’t anticpate GENC to test $30 this move.. however that’s not to say it won’t
GENC

KOG
Squeezing quite a bit lately - Kodiak Oil and Gas. I’d like to see this push a bit higher before taking a posistion on the short side. This has $3 written all over it but is also carrying a huge move the past few days, so the first sign of weakness may cause a lot of panic.
KOG

NOG
Figures… it rhymes with the above mentioned (KOG). This is still in full squeeze move I’d watch it to test $10.00 again out of open before taking on a short because if it breaks today’s highs this will squeeze to $11. If it has trouble getting past today’s high’s of $10.30 watch it like a hawk for the short
NOG

CBLI is breaking out nicely above it’s previous highs. It has a gap to fill to the $8 dollar mark but I doubt it does that this round. I’m looking for a gap and run out of open followed by a sell off (this is the play I’m going to try to capture). I think there will be a good $.30 to $.50 downside after it squeezes Tuesday.
CBLI

MEA
This should test the 12.00 mark tomorrow. It broke the previous top of $11.60 so is carrying some momentum with it. This doesn’t have a very good track record of keeping it’s gains so I’m looking for a short above $12 on its first sign of weakness.
MEA

NGS
Natural Gas Services Group, trades a bit thin so I wouldn’t recommend any large position but give me a break $18.39 to 28.74 with no breaks? This may have a gap over $29 but I’m watching for a “gap and crap” scenario. This should retest $27 levels once the squeeze is done.
NGS

XCO
Exco Resources fighting towards $24 and winning. I anticipate this opens over $24 and will be watching for weakness from there. I expect a two day sell off from the end of the squeeze similar to SMSI
XCO



TIMlinks Visit my profile on FeedTheBull.com