Some Breakout Watches, Mostly Short Potentials For Monday July 21st
Monday, July 21st, 2008A few breakout bottom reversal stocks on watch for Monday. There are better short plays for this week… a few are listed below all carrying pretty large % gains within the past week!
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WSCI acted pretty bullish Friday by dipping and heading all the way to a near high of day close. This may gap .20-.30 and test $10 out of open. If it doesn’t break it watch for weakness to begin a short back towards mid 8’s. If it does, wait for a spike over $10 to take a shorter start, let it show weakness before guessing a top.
SPRD watch for the $6 break out of open and upon weakness should be a good short back down - but this very well may have staying power so let it begin to breakdown and confirm its trend.
ZYXI great breakout, watching here for the $3.50 break and a spike, it may be a hard borrow but I will be looking to reserve some for any parabolic (squeeze) style move.
WERN - As mentioned in scan… buying dips was the way to go a near $2.00 bounce and close near high of day Friday. Watch for the gap over $24 and the breakdown to begin after any squeezes out of the open. If it consolidates just below $24 it may be worth sitting sidelines and watching another play on scan, after all you want the ball in your court, no sense guessing.
TPX at another key level, $10 break out of open, once it breaks down and heads back under it, it may be good back towards $9, I’d like to see this test $10.50+ out of open though for a decently high avg’d short.
OPTV breaout watch over $1.75 - this can support $2+ move on a squeeze, its been in a bullish channel for months now
SOAP from scan HERE, holding gains, watching for continued momentum off the bounce, a break of $5 again will send shorts screaming - we may see a squeeze here
Please view Saturday’s scan HERE.
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