Tuesday, March 25, 2014

Recap of Watch list for 3/25/14

Breakout Trades:

MRIB -  Did not try to test the .50 today. This will need more time to develop but worth keeping on the radar, it could trigger when you least expect it.
  - Original post [Watch for a breakout at .50 - It would be more constructive if it waits a few days to let the 8 day catch up. So it could get dicey if it runs quickly.]


Continuation plays:

ERBB - Gaped up in the morning and dropped off but finished the day pretty close to flat. Today's candle is a spinning to doji but no farther than we are from the 8 day, I'm not too worried about a crash. Today looked more like a consolidation day to me. Still need to keep your eyes open and be quick on your feet if things go south in a hurry.

ITNS - This continued its uptrend with another explosive day - ran up to almost .03 and gave back just a little of that before close. Safe bet would be to get out into the morning pop if there is one.

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