Monday, March 24, 2014

Recap of Watch list for 3/24/14

Breakout Trades:

 TEMN - This one almost broke out today. We will know very soon if this is going to pan out or not. I plan to see how it goes and if it falls below .0027 or so I'm out. I'm willing to give this a bit more time to see if it form a cup and handle pattern.
 - Original post [I would call this a strong buy at .0033 for an accelerated move up - hard to say where something will go when it is blue sky but I would watch for resistance around .0044 - See previous posts for more detail.]

CBIS - This one could go either way IMO. Today may have been the beginning of a reversal but it's hard to say. I'm going to put this on the back burner until it wants to test .21 again.
 -
Original post for CBIS = [Watch for a breakout at .21. I would expect a move back to .25 to .30 if it breaks .21 with conviction.]
 

FITX - No change - This is still in tact and a solid play on a breakout of .11. Could take some time to play out but should b e a solid play when it does.
  - Original post for FITX = [Watch for breakout at .10 for a likely run to .11. If it breaks thru .11 which I expect it will very soon it could have a really good run. It may not make it thru .11 on it's first attempt but I think it will very soon.]


STEV - This one opened up into the breakout I was looking for and ran up to .27 but gave most of it back by EOD. This could have another up day but it would be safest to have gotten out when it rolled over at .27

- Original post -  [I'm looking for this to breakout if it can get thru .23 with conviction. This could make it back up to .29 or .30 if all goes well and it breaks thru .24]

MWIP - This never even got close to testing the .53 mark. It's probably best that it didn't try, this one never fails to disappoint me. Back burner.
- Original post - Could have some legs if it can break .53 and hold above it. I'd expect a move back toward .60 or better if it can just get moving.

ITNS - This broke out like I was hoping and ran to .0168 and closed at .0165 I still feel good about a run at .02 but it mayor may not need to consolidate for a bit. If it spiked up into the open I would probably consider selling into morning strength to be on the safe side.
- Original post  - Watch for a breakout at .0127 with possible resistance at .0136. If it can break thru .0136, look for a run to as high as .02 short term. 

ERBB - Is still on a tear and I expect more gains tomorrow. We have now pulled away far enough from the 8 day to be concerned. Need to watch it close for signs of a blow off top. On the other hand there is such great momentum with this stock that it could have a few more leaps and bounds left in it. 

FFFC - no change

REVI -no major change - but i'm about ready to pull out 

GWPH - dropped farther than I expected but does look like it found it's bottom for now I'm expecting it to go up from here. Hard to say if it will put in new highs or not. Play it as it comes.

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