Stock Scans for Tuesday the 29th of July
Monday, July 28th, 2008Please sign up for these nightly alerts of trade ideas for the following day! Sign up HERE to receive these blog’s once a night via e-mail and never miss a potential move again!
EMIS beautiful breakout move here, I’d watch for consolidation around $3 as it attempts to break through the $3.50 mark.
HDY managed to hold higher highs, that’s a good sign that they may actually have something cooking, last run stemmed from a bunch of press releases, looking for the same thing here, if it can break $2.00 which I’d bet on it happening out of the open today, watch for slow continuation - this will only interest me around $2.40-$2.50 as it test previous highs. The small short that one could probably make shorting around $2 and covering around $1.80 is a bit too much risk, after all we want the odds in our favor.
USS I’d like to see a second test on $5 as it very well may break it, if it does I’m watching for a .50 to $1.00 spike to short into, if it doesn’t break $5 and shows weakness i will probably join the sellers and cover only if it test/breaks $5 again
OFI absolute beautiful breaout chart, this should test $10, if today’s gains hold I’d be looking for a long position for that move up - this could be an extreme squeezer of the momentum continues
SKNY up over 16% today! this may test .40+ where I’d think about taking some profits!
SKNY back under another promotion it looks like, this may be good if it holds $.30
SQNM although boring its still on my radar because a $22 break I’m a buyer, I can’t believe it’s held all of these gains without any major dips, this has been on scans for quite some time, see more HERE.
Huge plays today from our scan last night, two of our favorite shorts acted exactly as anticipated, (ZYXI) down nearly 15% with plenty of shares to borrow, (VISN) lost $2.50 from its highs (near $24). We posted mid day today about it HERE and our scan from last night is HERE.
