Stocks had a bsing/consolidation day today. NDX did close above a significant resistance level so we will have to wait and see if holds. The SPX is lagging the NDX on this support, but we'll have to wait for to see.
DVAX: Stock has been up 8 days in a row. But today it broke over the gap high and lateral price resistance at $7.50. It traded as high as $7.90 and closed right at the top of the range. I went long on the break above $7.80 and holding the stock overnight. My price target is $9.00. Short ratio, 7.1 days to cover.
GTXI: What a great intraday chart to trade. Too bad I missed it. But it ended the day right at resistance at $6.15 (traded to $6.75 a/h). If it does go through the $6.15 level the next resistance is at $7.50. Short ratio, 6.7 days to cover.
NK: Stock broke through lateral resistance today at $5.00 as well as it went through the declining tops line. It traded as high as $5.25 today closing at $4.90. I would look to go long over $5.25 with $5.75 as the first target and then $6.75. Short ratio, 8.8 days to cover.
OMER: Stock is challenging a quadruple top at $17.15. If the stock can break through that level then $19.50 and $24.00. Short ratio, 18.5 days to cover. So if it does break out, the squeeze could be on.
ZIXI: I went long today when this stock broke through the highest level it has seen in 13 years. It looks like we will get follow through on this trade as it has strong momentum and a nice rising channel chart. $10.00 is my price target. Short ratio, 3 days to cover.
PCMI: Stock broke down from the bear flag it was forming. I would look to short below $18.50 with $14.50 as the price target.
not necessarily. Price action determines the move at the inflection points
@Turbobob got it ... thx
Great watchlist. Thank you. I'm learning a lot from you.
Glad I can be of help
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