Stock Picks For Tomorrow After S&P500 Broke Below 700
Cracker Barrel Old Country Store, Inc. (CBRL) is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept (Cracker Barrel). CBRL is up last 8 trading days and has broken out of its $22.00 resistance. However next line of resistance will be around $23.20 level, which if not taken out could provide a good short entry. RSI indicates reaching overbought level.
Lance, Inc., (LNCE) manufactures, markets and distributes a variety of snack food products, including sandwich crackers and sandwich cookies, potato chips, crackers, cookies, other salty snacks, sugar wafers, nuts, restaurant-style crackers and candy. LNCE took out its previous resistance at $23.24 all the way till $24.00. However it could not sustain its level and broke below it $23.00 level. Keep watching on how it plays out tomorrow and can it take out the $23.20 and $24.00 resistance or not. Otherwise potential short.
Jones Soda Co. (JSDA) develops, produces, markets and distributes alternative beverages in six beverage brands: Jones Pure Cane Soda, a soda; Jones Organics, a ready-to-drink organic tea; Jones Energy, a citrus energy drink; WhoopAss, a citrus energy drink; Jones Naturals, a non-carbonated juice and tea, and Jones 24C, a water beverage. JSDA is up 90% in the last 5 days. Today is spiked all the way to $1.30 before reversing -7%. It broke below $1.00 and now should provide some resistance. This provides a potential short entry.
SonicWALL Inc. (SNWL) designs, develops, manufactures, and sells network security, content security, and business continuity solutions for businesses of various sizes. SNWL is in a slow uptrend. However now it should face resistance at $4.80, $5.00 and all important 200 dma at $5.24. Potential short below these levels.
Sigma Designs, Inc. (SIGM) is a fabless provider of integrated system-on-chip (SoC), solutions that are used to deliver multimedia entertainment throughout the home. SIGM has spiked up from $9.00 level to $14.00. It has broken past its $14.00 resistance. If it can take out the next high of $14.65, SIGM is a breakout stock on the upside. If it doesn’t then its a potential short.
Perfect World Co., Ltd (PWRD) is an online game developer and operator in the People’s Republic of China (PRC). The Company primarily develops three-dimensional (3D), online games based on its Angelica 3D game engine and game development platform. PWRD recently reported earnings. After being sold off heavily it took a U turn moving up 11% for the day. It also took out the all important $10.00. However end of day it did fall back. This is a potential buy for more upward trend if $10.00 is taken out tomorrow. RSI indicates way oversold and trend reversal.
Medco Health Solutions, Inc. (MHS) is a health care company. MHS has been selling off heavily recently with high volume. However today bulls did fight back to put MHS back in green. Can this see more upside tomorrow ? RSI reversal indicates so. Keep watching.
