Hope everyone is having a great Monday out there, overall was decent day today and some good trades mixed in. Slower into the close however but we have some decent setups for tomorrow that I am taking a look at. If you are still on the fence about IU or everything we have to offer feel free to ask me anytime, happy to help. Here is what I will be watching tomorrow.
RUHN – $7.50 is a big break and hold level on this name. The way it is acting just reminds me of a potential continued short squeeze as we are coming close to “cover day” for many if still short.
NET – Kind of a lack-luster IPO so far, tends to ramp well but it’s clear as day there is a 19.50 big seller out there. Still have some of the swing as I do like the name but if it continues to be heavy and air prints down will look to just take it off and ignore.
PIR – $9 is the trigger here, tends to catch bids fast once it becomes “obvious” that there are bidders in there that want to cover. L2 has been pretty clear when this happens so just going to look for that breakout and that action to join.
TOL – Had been waiting for this move on Toll Brothers for weeks now and boy it didn’t disappoint. Ideally $40 touch for the continued swing.
ROAN – Oil name that held well into the close today and thinking $2 could be a nice breakout trigger.
GHSI – Possible gap fill into the .50’s area. Best to look for it on washout prints vs. the ramp ups.
AMR – Just a cheapie on the move today, closed with a nice abcd setup.
JCP – Looking to scoop any morning washout for adds on this name. Thinking high .80s and then ideally holds and ramps for swing.
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