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Posts Tagged ‘MA’

Stocks to Watch for Friday the 31st of May

Friday, May 30th, 2008

DDUP at tough resistance, if this can break through $25 this has a lot of room to squeeze - if it doesn’t break it could be a potential short for a minor correction before heading right back up.
DDUP

GST nice slow uptrending chart, watching this for the breakout tomorrow or Monday over $2.00, it must maintain the $2 level once it breaks as it hasn’t the previous 3 attempts…
GST

IBM at 52 week highs, watch for the gap over $130 - this snapped to new highs extremely quickly, it only took 2 days to bring back all gains lost over the last week and a half.
IBM

CNSL from last nights scan, watching for the $15 consolidation level before a move towards $16.

MA - quite a squeeze off the shake/sell off/profit taking in the past few weeks since earnings, what took MA over 3 weeks to drop the distance it did - only took 2 days of recovery to be right back at highs, not to mention… NEW 52 week highs.
ma

V - This was a great example three days ago during the trading hours of a trend reversal. There was one big long that wanted out, or for that matter a big short that felt the price was going to head down. At any rate, the stock kept suffering and kept losing support on reversal attempts. Finally after a good 10 minutes worth of selling off the volume spiked to over 400k shares. Talk about a big seller! Long story short - it turned out to be dead bottom, the stock was absorbed and it broke through all previous levels it was unable to attain when the massive seller controlled the market pressure downward. Its nice to see MA and V behaving nicely as it was one of my first post on this blog. You can read that HERE and HERE.
v

Tuesday Night Stock Scan for May 7th

Tuesday, May 6th, 2008

VIT - breakout out, watching for a gap and run to potentially short on, on a slight correction but this could be a major move beginning
VIT

IAR from scan today broke through the days highs at $4.60. It appeared very strong into close. This should be in play and test $5 tomorrow. This is the biggest volume days in months, and first reversal in about 6 months, so this way have some legs…
IAR

WSCI if you played it, great job on the bounce. The easy parts over… on the $13 break it moved to $14.15 and ended +1.13 on the day. This may gap and consolidate tomorrow but IMO, the easy parts over. On a $14.15 break this may test $14.50-$15, otherwise it will probably consolidate around $13.50 and not be worth the trade.
WSCI

JRJC up $2.00 today, that’s why its so important to watch for the consolidation at higher levels and breakouts above previous resistance. This stock should test $25 IMO.
JRJC

WMG on the verge of breakout
BONT stuck under $10, break = squeeze, fails to break = short
HA down a buck today unable to break towards new highs
All charts viewable HERE

AAPL on the verge of a +5.00 day or a correction back to $178-180
AAPL

MA made it to $300!
MMR finally made it to $30

Recap: Market Taking a Breather

Sunday, May 4th, 2008

GOOG, MA, and BIDU all took a break Friday after quite the moves over the past two weeks… but RIMM on the other hand smashed through $130 as we anticipated and held the gains through the day.. I expect more of a move this week - but it may want to test $130 again.

GOOG I figured would test $585 - it’s currently sitting at $581. MA I figured would test $285, it’s currently sitting just 4 cents above. BIDU I figured would test $355 it’s currently sitting at $361, it did however test $357 Friday. I’d like to see more of a sell off / correction / shake / profit taking / get out the weak and then squeeze higher move this week over their anticipated levels such as $600, $300 and $400 respectively.

Expect a scan for Monday out shortly.

Breakout! MA $300 imminent Visa (V) near $90!

Thursday, May 1st, 2008

MA has its eyes set on $300 as suggested here.

Here are some additional breakout charts HERE.

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