Scans for 01/05/09 from InvestorsLive

by | Jan 4, 2009

ALD my favorite from last week, slowly consolidating higher watching for the $3 break – I’ve traded this the past 3 days

ACTG broke out of it’s channel with the top around $3.. now over resistance watch for a slight pull back, support to kick in and a test of $4s+

AGC slow grind upwards broke through $6 with ease, currently sitting at November highs, this very well may continue towards $8 before meeting resistance, watch for the movement to become more volatile

APL watch for momentum to carry over and run out, either on a spike or on red may be a good short – keep in mind we are in a different market than we were 3 months ago or even 3 weeks ago for that matter… if a stock has gained a lot in the past few days and corrects but begins to head back up… that doesn’t mean it has to come down… just keep that in mind when shorting and fighting a trend

DNR November highs approaching .. watch for the double top at $14, if it breaks it may gain momentum and really change trend like PLD did 2 weeks ago

MELA re-testing previous highs – looking for a spike out of this one before shorting..

DNN nice play from Friday in 1.25s area in chat this may gap and test $2s and wouldn’t be surprised if it breaks to squeeze into the mid $2.50s, volume is there price can follow – the play for me… watching for $2 test .. if it doesn’t break might be a good 10-15% short on the downside, if it does.. waiting for it to come back and test/break down under $2

SCON former runner in the past could jump over $1.25 level with volume

ZQK shoulda/coulda/woulda held all those $1.25 buys – great chart forming – trend reversal watch for support around $2s this may have $3 in it short term

ZLC played in chat Friday nice reversal looks good on dips for a possible $5 test

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