Monday Night Daily Stock Scan for Tuesday the 26th
Monday, May 26th, 2008Nothing too appealing to start the week I think the best play will be SINO which I will detail in my next post.
If you didn’t catch the SINO post from last week you can do so HERE.
CRMT approaching a breakout level here - this may start to squeeze if it can hold the $16 level right out of open Tuesday. It’s been a rather slow and steady move up so there isn’t any real need for it to consolidate but it may trade sideways for a few days around the $16 level before a $1.50-2 dollar spike towards $18 if it begins to squeeze.
PEIX may be good for only tomorrow for a bounce, I do think there will be .50-.60 cents upside from this $4.20 level but that’s about it. It didn’t seem like people enjoyed the preferred stock sale and it sold off through the day on Friday.
IVAN - We first began watching for it to begin breaking new highs at $2.10. Over 5 million shares traded on Friday, keep an eye for the $3.00 break. Its approaching some long term resistance if it can hold these gains and break the $3 it may turn into a more powerful squeeze towards $3.50 before it settles.
ISLN - this one is a reversal watch, watching for the $5 dollar break. Volume starting to pick up, if it does break - $5.50 is the next test. If it has a hard time breaking it, take profits and move on because it may just trade within its channel.
NAVI reversal watch for the $4 break. If successful this may turn into a multi week/month move towards $5.
PCTI - similar to CRMT, at highs, breakout mode over $9 for a potential squeeze. If it can’t break it, its a short watch similar to GTE (which provided us with $1.50 downside when it was unable to break its resistance point)..



