Sunday, June 2, 2013

06/03/13 Monday Watchlist (5 stocks)

Market SeasonMidrange
Swing Strategy: Big dip buy and hold (earnings winners only)
Current Sentiment:
Bearish consolidation. The market is currently bearish. Be bearish.


Call Option: These are all recent earnings winners that are set to breakout.
WAGE - is a big earnings winner that is mid-breakout consolidation but has been dropping. its sstill a potential breakout if it can consolidate just above its trend and bottom near 28.75/28.5 supp and correct to back above 30.

Long Stock:
EAC -former earnings winner that is down alot from its highs. its holding up and seems to want to bottom at key supp 24. if it can continuy to hold 24 early week then we should see a nice squeeze. upside to retest key res near 28.
SBGL -  this is a momo play for Monday. i expect a morning move towards 3.9 which is key. 3.5 is key supp

Short Stock:
BIOD - this is a former earnings loser that has continued to spike without news since the 5/10/13 analyst upgrade. Expect it to drop hard when it tops.  4.75 is key res
VRML -is a former earnings loser spiking likely due to seeking alpha sympathy. i expect it to crash. 4.15/4.25 is key res zone.

q2q- quarter-to-quarter
res - resistance
supp - support
b/o - breakout

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