8 Potential Trades: Beazer, Gray Television Inc…
BZH – Beazer Homes has recently broken out of its 4.50$ resistance to spike up to 6.00$. Housing market has not completely reversed and home sales and prices are not rising. However there is overall optimism about the economy which is pulling this up. Can 6.00$ be a good resistance ? Watching…
CABL is up on crappy news. They got delisting notice from Nasdaq. However the traders are running this up on momentum. Potential short on weakness.
CYTK broke out of its past resistance at 3.50$ to spike all the way to 5.05$ before settling at 4.78$. Spike was on heavy volume. Just watching to see if we get a follow through spike squeezing current shorts.
GTN – Gray Television Inc head-faked in the morning trade to go up from 2.30$ to 3.57$. Huge up rally along with good volume. This thing is looking toppy in short term and below 3.00$ its a potential short.
HEAT – SmartHeat recovered its morning loss to end at par. Volume has faded and this could potential be a good short below 12.00$ resistance.
HNSN – Hansen Medical Inc was up on newsletter pump. Can HNSN break past 200 ma ? Just watching. First spike up day. Not rushing to short yet. Waiting for another spike up.
NCT put up 4 big day with good volume. However it faded in the end. Could this be the beginning of trend reversal ? Waiting for red day to short into.
ONCY looks toppy after 3 up spikes. However 3.00$ support is the key. Short only below break of key support.
