Markets ended mostly unchanged but stocks were quite soft or consolidated. For some reason the energy sector started the day off quite strong even as oil had declined. The US$ strengthened some and so gold was also softer.
CEMI: I have been writing about CEMI for some time now and the stock keeps inching up hitting a high of $7.37. Even in this sloppy market the chart remains strong. Any kind of push in general markets and I see this stock trading to my $9.00 target. Very low volume, definitely a swing trade.
EPE: This stock was one of the many oil stocks that were strong today, up over 30% on huge volume. It has broken out of an uptrending channel closing at $5.85. If the energy sector momentum continues my target for this stock is $8.00.
LGCY: Another energy play. It has had three strong days and is approaching long term resistance $2.93. If it can break through that level I would look for the stock to trade in the $5.00 range.
SYNC: Big contract winner on an announcement of a $100 million deal to supply ATT with product. Very choppy on huge volume of 26 million (37k average). If this stock trades through $4.00 I will go long with a price target in the $6.00 range. I think the story is a game changer for the company and shorts are piling in way to early. It is still the front side of the move.
Thanks buddy. Watch $MDRX they release earning today after close and seems good earning for Q1.
Watch Telus as well for tomorrow T.TO ticker for Canadian, TU ticker for US. Earning was today after closing, but didn't see the report yet.
I watch the price of spot oil and USO and see how energy stocks trade in comparison to the commodity. Today there was a divergence between the two.
@Turbobob Thx Bob
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