Watchlist for 5th November: Few Interesting Breakouts…
Posted by Stock Online Trader in Watchlist on 11-05-2009
AHC broke out of its @4.25 resistance towards @5.00+. No play here, just watching to see if @5.00 can hold resistance. If so, will go short scalping with stop loss above @5.00
DRIV reported a drop in earnings but beat expectation which caused the stock to gap up and gain 11% for the day. This could potentially move higher on earnings news especially after its huge drop from @41.00. Long on green, ideally break above @25.00
E-commerce provider Digital River Inc.’s (NASDAQ:DRIV, $24.98, +$2.66, 11.92%) reported its third-quarter earnings dropped 29% on higher costs and charges as the results beat its expectations. In its earnings report late Tuesday, the company also broke out estimates for revenue excluding that related to Symantec Corp. (NASDAQ:SYMC, $17.42, +$0.17, 0.99%%), which said last month it won’t renew its contract with Digital River, and analysts pointed to the figures as encouraging. 
GCHT is an OTC stock that keeps surging. As per my watchlist yesterday it formed a nice cup and handle and nicely taking off. No play on it, just watching for some reversal.
HYC is at breakout point @3.40. The 11% spike was due to positive earnings. Long on green, ideally break of @3.50
Hypercom Corp. (HYC) reported third-quarter net income of $1.18 million or $0.02 per share compared to $625 thousand or $0.01 per share last year. Non-GAAP net income was $4.40 million or $0.08 per share compared to $4.42 million or $0.08 per share prior year 
PFAP is going to be listed on AMEX as pointed here. This one is also breaking out and close above previous high of @5.20. Long on green.
QXM put up its 3 day spike. Impressive. They had positive earnings last week, but it seems like some newsletter is pumping this one higher. Looks overdone. Potential short on green/red action.
USEG is a tough cookie as it flip flops above and below @6.00. Today it closed at @6.02. This one is a long on green and short below @6.00 support. Will play it based on price action.
WAL is a crappy stock that has been thrashed down from @7.00s to @3.90s now. However it narrowed its loss in their recent earnings. Today it saw 3% pop. Bottom fishing on break above @4.00.
Western Alliance Bancorporation has reported a net loss of $23.91 million, or $0.37 per diluted share, for the third quarter ended September 30, 2009, compared to a net loss of $94.71 million, or $2.84 per diluted share, for the corresponding quarter of 2008. 
