Sunday, November 6, 2011
Watchlist for 11/7/2011
LNG - This $12 resistance area is very interesting. Would love to see a gap down monday and a run to $12 from around low $11's for a nice over/under short. I still can see this pushing to $13 tho, so I'll watch for a setup.
AKAM - Broke through the previous $29 support area and now heading to $30 which was a previous area of consolidation. We could see some slowing down here, so I'm short biased on a $30 break for a small pullback.
NWL - Showing a lot of resistance at $16 area and up nearly 50% from October lows w/out a pullback. I'm short biased on any pop toward $16, preferably on a break of $16 over/under play.
ANF - If $57 can hold as support, then I'll be long biased after some sideways movement intraday.
ACOM - (Love this setup) Held $21.50 support and now perking up a bit. Long biased over $24.65 or red/green on weak open. Could easily run up to $26 area.
STX - Up over 95% from October lows w/out a pullback. I'm short biased on any pop toward friday's high of $18.50, but I can see this popping toward $20 no problem. If $18.50 area short doesn't work...I'll wait for another setup around $20.
CECO - Down big the last few days and held the $7 area nicely. Friday perked up a bit and made an early high at $8.05 I'm long biased on a break of $8.05 and possibly red/green on a weak open.
PLCM - Long over $17.62 for a gap fill. Will take it on a red/green move on a weak open. This is another setup I really like, but could easily fake me out.
GNW - Perking a bit friday after a bit of consolidation. Also broke through that $7 resistance. Long biased on red/green move.
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