Thursday, April 18, 2013

04/18/13 Thursday Watchlist (5 stocks)

Market: SPY has been taking a beating due to some earnings and other news but it is still trying to hold up to squeeze into another breakout as it shows signs of a bottom (big vol and positive rsi divergence). It is still bearish but if it continues to squeeze it could go bullish again towards eod or tomorrow. So I would be slightly bullish and looking to buy some dips (like REFR and SVA) to buy and hold.

ACUR - is spiking on drug news. I short this from overextension but couldnt find shares to short before the big crash. It has to bottom and shorts will cover. 2.57/2.67 is key supp zone so I will look for the bottom there. This could squeeze/bounce to retest 3.

Swing Plays
REFR - this is a free TimLongTerm pick. its a low float so it will move w/ Tim's following. should see 5s as early as this week. Waiting for a 4.40 intraday res b/o for entry. upsdie to 5.25 swing. But I may buy the dip at 4.04 key supp if it patterns properly.

NQ - recent earnings winner that is bottoming at 8/8.1 key supp. I am watching it pattern under 8.77 (intraday res) for a technical breakout entry to swing from. upside to 10.7 swing.

SVA - this is a bird flu sympathy play I called at 3.83 before it spiking to 4.40. I screwed this trade up by trying to daytrade it rather than buying at key supp (either 3.83 or 4.08) and swinging it. Sometimes you just gotta buy ahead of the action and wait patiently as some of these stocks like SVA spike too quickly to try to buy. this is still a buy, i shoulda took some shares into the close but i may try to catch a dip near 4.08

HIMX - is testing key res at 6.25. this is a potential short on a g/r move. 30cents of downside potential

Follow me on stocktwits (@sickledsystems).

b/o = breakout
b/d = breakdown
r/g = red to green
g/r = green to red
momo = momentum
pt = price target
dtc = days to cover
res = resistance
supp = support

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