Some Break-outs, Some Break downs
Breakouts: AKRX (in at 6.00), BSQR (in at 7.87), EXEL (in at 8.09), SAM (in at 95.19, LT), SKH (in at 7.85), TWER (in at 3.58)
Watching: EDAP, SHZ
Breakdowns: MOTR
Just one real breakdown, and its an IPO. So far, the market has been holding up well despite the low VIX levels. There is still a chance that we can test the 20-23 range on the VIX, so don't let your profits slip away. Still, even if the VIX rebounds to the low 20 range, it will most likely face massive resistance beneath its 200 day MA.
posted by Nick M. @ 3:03 PM
7 Comments:
I am watching SHZ too...what do you think is a good entry point...
BTW, great picks
Thanks
I would say a breakout above previous resistance of 5.00 with high volume with a closing price nearing the HOD.
EDAP is looking great...what do you think...are you in?
no unfortunatly I missed it as I was away from my trading for most of the day. How about you? It looks like a fantastic breakout!
nope...missed it too...now waiting for a pull back...
SHZ is looking good. Might decide to jump in tomorrow.
BBBY also looks like a good longer term trade. The float on it is horrendous but it's a safe bet for anyone that wants to park some major capital in it.
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