Recap: Monday Night Stock Scan for Tuesday the 24th of June
Tuesday, June 24th, 2008From scan HERE.
MNKD consolidating a bit more today still worth the watch for the $3.20 break.
MNKD Mannkind Corp - needs to hold $3 but can reverse towards $4 on a $3.20 break, volume returned a bit today - worth a watch
MEA big correction today any dip out of open should be a safe long once it finds support out of open. It corrected a bit more than I thought but given the consolidation around $16 any dip under $16 I’d be looking for support to form.
MEA Metalico Inc - looking for a gap and potential squeeze towards $20, lots of consolidation around $16 so I’m not convinced on the short yet. In fact I’d watch for the consolidation just below $18 and buy back on the $18 break. More thoughts in chat if it comes into play.
NGA watching for the reversal - watch for it to test $8.50 then radar for reversal, if this heads back up it should blow through $9 given the consolidation at $8 for the past month.
NGA North Amern Galvanzng & Ctng - volume spike today - will buy once a dip shows reversal. It’s been consolidating at $8 for nearly a month, downside semi limited in the near term in my opinion.
Failed to break $4 turned out to be a pretty good short towards the $3 range.
NYNY Empire Resorts Inc I will short this on failure to snap $4, if it gaps I may take a start position and add if it goes red.



