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 [...]
Watchlist Review: Danaos Corp and Seaspan Corp Were Perfect Trend Reversal Stocks
Reviewing previous watchlist and how they performed. DAC turned out to be perfect trend reversal. First red day was followed by another one. As evident, once the volume fades and selling starts, more selling could follow. SSW has a similar chart as DAC and went through similar trend reversal. However the drop was not a [...]
12 Potential Trades To Watch For
Trend Reversal DAC sold finally afte spiking form 4$ to 7$. (75% jump) Potential short on more weakness. SSW is in the same sector as DAC. Similar chart, similar action. Short below 10$ Huge Spike, Wait and Watch For Reversal GTN has spiked from 50 cents to 2.65$ in the last month. Barring few hiccups [...]