Stock Watch 04.15.11 “Power Rangers”
We were like crazy Power Rangers in chat Thursday. I think everybody in chat walked away with multiple winners. I had nice wins in SIFYREDF SPY and SVU. SVU was a major winner for us. Most of us were in this thing at $10.30 and rode it all the way to $10.80. For Friday I want to focus on the COOL GLUU MCZ players. These should either breakout more or offer a short . We’ll see but there should be plenty of action there.
Watchlist Shorts CHINA SWSH
SVU
Big winner for us in chat. Earnings pop so this could run higher for a few days. I doubt it will be as successful as Thursday but I’ll keep in on watch
VICL
This is 5c away from a 52 week breakout. Above 3.35 this should go right to 3.50
ELGX
Breaking out above March highs and is within reach of Decembers highs. Chart looks like it wants to make a run above 7.50. May grab some momentum there and go towards $8
CHINA
Big overblown run up I shorted this for a small gain but this chart was all over the place. It could easily run higher but ultimately this should become a top tier short.
SWSH
I have been stalking this for days. Now that the RSI has pierced the 90’s the drop should be soon
