KONE - This was one of the biggest gainers on Friday. Stock shot up due to 2nd quarter earnings that more than double what they reported in their 1st quarter. The overall outlook on the company is positive and the stock has a history of spiking. There is multimonth resistance in the 6.20-6.30 area so if it can break that, I will buy the breakout... but I don't expect it. Much like other earnings winners, they spike the day after the release and consolidate throughout the day. PLAN TO WATCH AND LEARN HOW AN EARNINGS WINNER REACTS ON ITS SECOND DAY.
VISN - I am trying to figure out the catalyst on this one. This article (http://seekingalpha.com/news/2571895-visionchina-up-5-percent-after-wrapping-baidu-led-financing) explains a small portion but it was spiking before this article was released. I am going to watch the 2-day gainer because it is interesting. I don't feel comfortable trading something with an unknown catalyst but may buy if it can break any resistance because its a good looking chart.
RAVE - Finally had a down day after 5 green days in a row. A little two high-priced for me and I think I've missed the meat of the move as it rises on a lot of hype surrounding its fast food pizza model.
ANNDDDDD my laptop is a piece of shit and I basically cannot research right now. I will continue tomorrow morning at work--- I'd like to add a few pumps to the list so that i can monitor their prices and how they progress through the pump cycles.
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