Wednesday, June 13, 2012

Watch list for Thursday 14th of June, 2012


Recap on Wednesday’s list:
$GWBU, still waiting for this to squeeze. $LDK gapped down, tanked but held up well all day. Need to hold that $1.90 level to have another leg towards $3. $AONE I expected a pull today but not that big of a gap down. However, I still like it above $1.20. $END, now really at around 50% retracement. Need to curl up from here or stop out below $7.75. $KWK still waiting for hammer candle for a long. $NPSP wasn’t in play today.

Thursday’s Watch List:


Quicksilver Resources, Inc. (KWK)
Still waiting for this chart to curl up and away from oversold area. This will be a great bottom bouncer.


Usec, Inc (USU)
Big gap and faded with the market today. 30 days to cover so I think this can still squeeze big next week (if consolidate for a few days).


Dendreon Corp. (DNDN)
History of multi-day run. Looking for gap up and squeeze. If gap down then wait for r/g action.


ATP Oil & Gas Corp (ATPG)
Nice wash. Now is ready for rubber band effect! Watch your 5 minute chart closely for entry.


CapitalSource Inc (CSE)
Look at that consolidation near highs. I like that action that it’s trying to make higher lows after profit takers.