Markets started the morning with an extension from yesterday but then rolled over to close mostly unchanged on the day. There still is no real direction but the trading over the next week should resolve that problem. I must say, though, it does look like the markets are rolling over and it is much harder to trade.
VRAY: Chart pattern still looks good for this stock. It tried to break out today and traded as high as $8.25 closing at $8.10. I still have price targets of $9.00 and $10.00 for this stock.
PZZA: Stock is trading right at support after making a massive top and rolling over. I would look to go short below $74.00 with $68.50 and $63.00 as my targets. Shorts 4 days to cover.
Yelp: Stock broke down today out of a consolidation area. After making a huge double top over the last 5 months and gapping down it has hardly found a bounce. Today it broke to the down side below $33.50, trading as low as $32.54, closing at $32.77. I would look to go short below today's low with price targets of $29.00 and $27.00.
NVCN: Earnings out after hours today. Stock did pop on the news, but I think as professionals read the reports they are not going to like it. I would look to short this stock into pops in the low $2s. I would look for it to trade back down to the $1.40 level.
HTGM: Shorts got crushed after hours with the earnings release. Stock ran from $4.00 to a high of $6.41, settling in at $6.04. I will be watching in the morning to see what side of the trade I want to be on.
VSR: Stock continued its upward momentum after an inside day yesterday on light volume. I will be looking to short this stock on pops into the $2.20/$2.30 range or on a G/R move on the day.
thanks bob
Could not locate HTMG.. is it OTC?
HTGM --Sorry for the cinfusion
Come on Bob, you only made me loose a few billions getting the symbol wrong lol. Hope you made a good trade on it ..cheers
Join now or log in to leave a comment