Watchlist – Ocean Power Technology Up 50%, Arqule Upgraded…
American Oil & Gas (AEZ) is an oil up from 1.60 to 2.74 now. Up 9 days in a row. Still holding strong. Tough one to break. Just watching for now.
Arqule Inc (ARQL) got upgraded to buy. Looks to have bottomed at 4.00 and now trying to go higher. Long on break above 4.50 resistance.
Astrotech (ASTC) rallied higher breaking past previous highs. Could be potential breakout here. Just watching for now.
Euro Tech Holding (CLWT) sold off nicely in the afternoon. Change of trend ? Potential short below 2.50 support. However hard to borrow.
Dot Hill Sys (HILL) continues to go higher. Up from 1.60 to 2.66 now. Waiting for weakness to short into. Potential only if it takes out 2.50 support.
India Globalization Cap (IGC) is making another comeback toward 2.20 high. Today it crossed broke below 2.00 in the morning, to recover back above 2.00 in the afternoon. Dont like this choppy action. Potential short however on break below 2.00 with stop loss at 2.20. Play small since, it could be a fake break down.
Lee Enterprises (LEE) is a newspaper company up on bullish sector news. Hit 4.10 today and then faded all afternoon. Exactly like yesterday. Based on this action will wait for green/red price movement to short into.
Nxt Nutritionals (NXTH) is up on classic pump. Volume is increasing everyday. Waiting for the big dump to short into. However it will be hard to borrow.
Ocean Power Technologies (OPTT) is up 50% on old news. Potential short on weakness and no gap up.
Sunrise Senior Living (SRZ) makes for a short scalp opportunity below 4.20 support. 4.00 is the critical support though.
Threshold Pharmaceutical (THLD) head-faked again in the morning going red, then spiked from 3.25 to 3.69 to eventually settle at 3.45. Very choppy action. Waiting for clear trend.
Other interesting stocks to watch for are:
AMNP, EDVP, EMMS, NAVR, RAMS, SNWT and UPI