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This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.
These 5 stocks will be towards the top of my day trading radar this week.
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Top 5 |
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1 |
TSO- Who says you need a penny stock to give you an appetite for risk? This high flier has been moving up to 7% a day after the earnings announcement. |
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2 |
SWHC- Very surprised this stock could not hold $10 building off the Obama mo-mo. The lower channels is still intact, but if we see any more declines than this stock becomes a technical short in my book. |
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3 |
PRU- Holy smokes did this stock go sky diving? When will it pull its chute? No signs of slowing down yet but I’ll keep my eye out on suggestions of reversals. I will not hesitate to play a breakdown on this stock either. |
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4 |
JCP- I’m going to keep this one on the list. Should be an interesting stock as we might get a dead cat bounce with the retail kick off coming up this Friday. |
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5 |
NFLX- With acquisition rumors and valuation rumblings, this thing has been on crack! It finally was able to break out of the intra-week range and is setting up nicely with the ascending wedge. Look for a possible fake out to higher highs as this stock would surprise me if it kept running. |
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