12 Potential Trades To Watch For

Posted by Stock Online Trader on September 20, 2009 in Stock Picks, Stock Review, Technical Analysis |

Trend Reversal

DAC sold finally afte spiking form 4$ to 7$. (75% jump)  Potential short on more weakness.

DAC

SSW is in the same sector as DAC. Similar chart, similar action. Short below 10$
SSW

Huge Spike, Wait and Watch For Reversal

GTN has spiked from 50 cents to 2.65$ in the last month. Barring few hiccups it has risen well. Rising on overall broadcasting sector in the up trend. Wait for weakness to short into. Next stop 3$.
GTN

NCT broke past 3$. 3 huge up days. Watching to see how much more can it go up.
NCT

ONCY is up on no news. Huge volume taking the stock up more than 25% on friday. Just watching, but short on weakness and break below 3$.
ONCY

HEAT is up last 12 trading days. Doubled from 6$ range to 12$ (up 100%). Broke past 10.72$ previous high.  Possibility of more up days. Just watching.
HEAT

PETD is up since last 11 trading days.  Reaching double top levels. Can it breakout ? Will keep watching for price/volume. Otherwise short on negative action.
petd

PSDV is also up since last 11 trading days. Up from 2.25$ to 5.25$ (up ~130%). Heavy volume all these days and potential of more up days. Just watching.
psdv

Sideway Movement, Waiting for Breakdown

CRXX is looking toppy at 2.50$ range. Volume slowly reducing. Potential short trade below 2$ support.
CRXX

DPTR spiked fom 1.75$ to 4$, (up 130%) where it is meeting some resistance. Break above 4.5$ failed on couple of attempts. Possible short on break below 4$. Watch out for fakeout. Keep stops tight.
DPTR

VVUS after its huge gap up is now trading in the 10$-13$ range. It is slowly selling off and could be scalping short below break of 11$.
VVUS

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