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Posts Tagged ‘WEL’

Breakout Stocks for Monday the 30th of June (ABAT) (BCON) (FINL)

Sunday, June 29th, 2008

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Bottom reversal scan HERE.

ABAT  Advanced Battery Technology - needs to hold $6 to remain bullish, lots of volume this should remain in play for a few days, anything over 7-10 million is a good scalping stock.
ABAT

BCON  Beacon Power Corp - Can’t believe it consolidated and as come all the way back, talk about staying power. This broke the three previous tops a $2.25 break can really send this BUT I think of it more as an accumulate on dips, although with the volume Friday this may start squeezing hard.
BCON

FINL  The Finish Line Inc from scan HERE.

FINL The Finish Line Inc - recent consolidation, the volume is starting to kick up a bit, watch for $8.20 break to buy the breakout

The $8.20 break was key and is squeezing towards new highs, this has room to run towards $10+
FINL

IDRA  Idera Pharmaceuticals Inc - I always like this candles for a squeeze play. A dip out of the open followed by a close near the high, and by lots of resistance, if this snaps $16 this has potential for $18. Notice the volume Friday compared to other days.
IDRA

QTWW  Quantum Fuel Sys Tech Worldwide lots of volume, again over the 10 million mark should be an EXCELLENT day trade both ways. Watch for the $3 break.

QTWW

VNUS  Vnus Med Technologies Inc $21 break is key for this move to continue with the volume, otherwise it may settle and start heading back down. I’d buy on the break of $21.
VNUS

WEL  Boots & Coots/Intl Well Ctrl - Great consolidation - a buy on the $2.50 break
WEL

Tuesday Night Stock Scan For Wednesday the 4th of June

Tuesday, June 3rd, 2008

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Himax Technologies Inc (HIMX) great move the past few days up a buck but if it maintains support this can break through towards $7+ Keep an eye for breakout
HIMX

Newpark Resources, Inc (NR) sitting just below $8 can squeeze on a break of it, watch for it to hold $8 if it can’t I’d wait for it to consolidate before watching for the move towards $10, looks like a better one to watch for a long than to guess when to short
NR

Novatel Wireless Inc (NVTL) sitting just below $11 - this has closed the gap from mid April and is in squeeze mode after testing the $10 support today, watch for dips for the move towards $12+
NVTL

Omni Energy Services (OMNI) should gap and run ove r$7 if it can maintain the momentum as we saw with ROYL today. Keep an eye for it to pull a move like it did when it spiked to nearly $6 on almost an exact move from just below $5 to just below $6 and today, just below $6 to just below $7. so it may test $7.20 and head back to $6.80s.  It’s also in a good sector (Energy) where everything has been carrying momentum regardless of their business/operational success
OMNI

Royal Energy Inc (ROYL) down a bit after hours but may be a ploy to trap shorts and power a move towards $12 before it settles. I didn’t think we’d see a move this big and I don’t think shorts did either, I also don’t think they saw the move towards the end of the day coming and ended up getting caught up pretty good… I’d be curious if this test $12 tomorrow.
ROYL

Boots & Coots/Intl Well Ctrl (WEL) gradual move can support a break of $2.50 watching for consolidation and dips here for the test, volume increasing, volatility may follow tomorrow
WEL

Pacific Ethanol Inc (PEIX) - just a straight up turd since the move - but I have it on my scan in case it decides it wants to do a dead cat bounce. No - I’m not recommending this is going to bounce because it very well may continue downward and make 52 week lows, but I think if you pull it up with a chart and have it on radar tomorrow/Wednesday or Thursday, one of these days it may provide some upside profits
PEIX

OTCBB Scan Earlier Today



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