CRUS has been highlighted in the last few days watchlist, Maintaining it’s gap up of 4%. CRUS has bounced off of 18.60 area support three times today and so far that looks to be the bottom. Watch the important 19.10 area for an upside breakout. Safe long entries in the 18.80’s with stops below 18.60 […]
VVUS which has been a dead trade since the reject of their weight loss drug has suddenly perked up 8%. After 70 minutes of upward action VVUS is holding steady in the high 5.40’s off the high of 5.65. May be too early for a short. Watch the next upward move, if there is one, […]
ARNA Struggles to brake above the 5.20 resistance area. Support in in the low 5’s. At the moment trading between 5.08 and 5.12 but the trend is downward. Look to short on spikes or a collapse of 5. [wikichart align=”center” ticker=”ARNA” showannotations=”true” livequote=”true” startdate=”21-01-2010″ enddate=”21-07-2010″ width=”570″ height=”365″]
Video is of CRUS. Text watchlist below video of ARNA COCO BJGP HSWI ARNA Worked out just as predicted in the “Trending Now” post and the 7.20.10 watchlist. You can view here. http://thelincolnlist.com/?p=479. The break of 5.20 was significant and the ensuing spike to 5.30 was a great short entry. I tried to warn all those perma […]
Trade Recap for 7.20.10
Impressive recovery for a stock that was down over $1 at the open. May be getting exhausted at this price but none the less an impressive rebound from the 16.40’s. People obviously want to own this name. [wikichart align=”center” ticker=”CRUS” showannotations=”true” livequote=”true” startdate=”20-01-2010″ enddate=”20-07-2010″ width=”570″ height=”365″]
Current Intra Day support is 5.20’s, a brake below can send this stock to the mid 4’s as it’s heavily shorted. 5.40’s is Intra Day high. Like to see a failed retest of 5.40 to short or a clean break of 5.20. A pass through to 5.40 makes a decent breakout long or breakout volume […]
Because of the short time frame for recording video ( 5 min ) and the monotony of listening to my voice. The watchlist will now feature 1 stock to trade that will be covered on video. This way I can devote more time to discuss proper trade set ups and technical levels of that particular stock. The remainder of […]
COCO. Education stocks seem to be in a bear market rally this morning. Currently stock price sits at 10.40. Resistance is in the low 11’s. Support would be 10.20’s then 10. May not be a good short as of yet. Being early in the cycle an upward swing or squeeze is possible. Long scalp opportunities at […]
ARNA Testing Double top breakout at 5.12. Possible upside to 5.30’s then to 5.60’s. The latter being difficult. [wikichart align=”center” ticker=”ARNA” showannotations=”true” livequote=”true” startdate=”19-01-2010″ enddate=”19-07-2010″ width=”570″ height=”365″]