It was a one way street on Wall Street today. If it ain't broken, don't fix it. In that spirit, here are a few long setups that I will be watching tomorrow. Out of these, I took positions in CLNE and IRM today.
PNM - Nice bounce off MA(50). Watch out for break of 15.
CLNE - Volatile stock with high short float. Bullish volume pattern. My stop is below MA(200).
IRM - Showed signs of coming back to life today after two days of solid consolidation.
RYN - Basing for over a month now.
BGCP - 9.50 is the key.
BLC - Seems to have room for one more push.
LPSN - Close above 12.25 today was crucial. Like the volume pattern.
SLB - Watch out for break of 95.
SOHU - Watch out for break of 90.
5 comments:
Thanks for the list PT.
How do you scan for these? For example, BGCP, which seems to be setting upu nicely.
Thanks!
There are numerous scans that I run depending on the market conditions. If I remember correctly, BGCP showed up in a scan with price over MAs 20, 50, 200 and RSI under 70. I was basically looking for a stock which was performing well but was consolidating, and that's how I ran into BGCP. Hope this helps!
Good picks !
Very good picks !
Thanks! I have to admit CLNE turned out much better than I had expected!
Post a Comment