Long:
ERII: Hard stock to trade but looks like a good entry opportunity in here. It broke through lateral resistance at $8.50ish. It traded to day as high as $9.96 and closed at $9.40. I would look for a pull back entry level or over $9.90. Price targets $10.75 and $12.00. Short ratio 21.4 days to cover so should add some momentum to the trade.
HIIQ: After trading up to $36.00 the stock sold off hard to $13.00. Over the last month it has been trending back up and today broke through what appears to be the neckline of a reverse head and shoulders pattern. The stock traded as high as $24.41 today closing at $23.70. I would look to go long over today's high with $28.00 as the price target.
KND: Huge pop today on this stock trading up to $8.70 closing at $8.40. Quite often when you get a big pop like this and it closes near the high there should be follow through the next few days. I will look for entry opportunities or over $8.70. Price target, $10.00 and $12.00. Short ratio, 5 days to cover.
LCI: Stock gapped up through the long term declining tops line today trading as high as $25.00 (lateral resistance) and closing at $24.45. I would look to go long this stock over $25.00 with $28.00 as the price target. Short ratio, 23 days to cover so could add a lot of momentum to the trade as shorts get squeezed.
MYO: Huge move up for this stock today trading as high as $11.40 from $4.50. It did close mid-range at $8.85. I'll be watching this stock tomorrow for an entry opportunity with $14.00 as the price target.
NKTR: Stock broke through lateral resistance today and traded up as high as $27.40 before closing at $26.84. It is at the top of the upper 6 year channel line and may run into resistance. But if it accelerates from here, $35.00 is the price target. Short ratio, 12.7 days to cover so should add momentum to the trade as shorts get squeezed.
QNST: Stock has been on a tear since coming from $4.50 last month. It flagged and then last week popped up. It had a few soft consolidation days but today it traded up to the high of $9.37 closing at $9.26. It needs to get through the double top and if so, price target is $12.00. Short ratio, 3.1 days to cover.
Shorts to watch:
CATM, NHTC, PCMI, PLAY, and TRUE
There is no doubt that there is a lot of work invovled, but the hard work pays off.
@Turbobob hi Bob...i listened to your interview on YTube that ITWilson took. similar to that, it will be awesome if you can take a video and share as to how and why you set your alerts, how do you create your WL, etc..
Thanks. Let me see what I can do for a video.
@Turbobob ty...appreciate it
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