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Posts Tagged ‘NKTR’

Stocks on Watch for Friday the 24th of July

Thursday, July 24th, 2008

I hope some of you took advantage of the airline industry short plays out there today highlighted HERE. Notice how each played out exactly the same? That’s why its always good to have sector stocks on watch!

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ACEL - as always I don’t like the sub dollar range stocks on the Nasdaq for more than a day or two, if (ACEL) fails to break through the .70s this should be a good short back towards the .50s

VISN looks extremely bullish, notice the channels higher lows and higher highs. Watch for support around $18, this looks good for a break past $20

NKTR, watch for the squeeze towards $6 tomorrow out of the open similar to what we saw on MKTY, once it shows a bit of weakness this should test back to the $4.80-5 range

PNSN  - watch for a gap and crap similar to EPAX (shown below) which did exactly as anticipated!

EPAX from last nights scan, as you can see gapped and crapped (it opened higher than it closed yesterday, and then proceeded to tank into those mornings gains)

EPAX - another earnings play, my take is its just a low float squeezer, watch for a gap and tank… i doubt it heads much higher than $20



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