Lincoln Alerts for 6.20.14
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Watchlist $UTEK $MOBI $ACHN $HIMX
UTEK
This stock has been getting sauced lately. You have to go all the way back to December 12 of 2012 to find the nearest support area of $21.20. If there is a possible panic flush down into that number I will take a shot at buying some for a short-term reversal.
MOBI
This has the week of the return of the cult stocks. We’ve seen some solid moves from REDF SIFY PLUG and BLDP. So I guess it’s no surprise that we see a little bit of action out of MOBI here. I will look to play this the same way as the previous stocks mentioned. If this gaps up and runs early like BLDP did today, I would look to short into that early-morning strength. If this washes out in the morning towards 750 or slightly below I would be interested in buying some for quick reversal. Odds are you will see a breakout attempt early followed by a fade
ACHN
I’m not a fan of buying breakout stocks but I took a small long on this one at the close. I made mention in yesterday’s watchlist that is if this was to close above $8 we could see a move towards $10. I’m not saying that move can happen in one day but we could see a strong early move on the stock. Even though ACHN is up over 100% in the last week it’s still finding buyers and it still holding the majority of its gains.
HIMX
For those that like bottom bounce plays, HIMX is looking pretty good here. I think for this to catch any momentum it’s going to need to break $7 and hold it. It made it close to $7 intraday today but it didn’t hold up for very long. I wouldn’t try to find a bottom in the stock, rather I would just wait to see if it would cross $7and possibly by there.
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