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MAGICIAN's Picks:
GMGC chart to consider:
stockcharts.com[h,a]dhclyimy[pb15!b30!b50!b200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Lk14!Lg]
Today’s news:
biz.yahoo.com
PRDS turned in a great day today, hitting $1.45 intra-day for a 19% gain. Although the final close shows PRDS as closing down 1%, traders should note that the final print is a bogus Market Maker paint job. With the bid at $1.25 in the final minutes a 100 share trade was printed at $1.21. A walkdown by INCA in the final minutes explains all. Trading action in the stock indicates some buyer manipulation. A move to the mid $1’s is on the near term horizon.
PRDS chart to consider:
stockcharts.com[h,a]dhclyimy[pb15!b30!b50!b200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Lk14!Lg]
LOUD continues to be held. Traders should note however that support has now moved up from the $0.60 level to $0.70. Looking at LOUD’s chart a move to the $1’s is in the near term cards for this stock.
LOUD chart to consider:
stockcharts.com[h,a]dhclyimy[pb15!b30!b50!b200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Lk14!Lg]
GWRX tacked on 7% today and appears poised for a breakout to the upside. Traders should watch the action in the $1.30’s tomorrow. A positive news release is all that is needed to bring in buying volume. Keep a close eye on GWRX. GWRX has a really nice looking chart implying a test and break of its 200DMA at $1.38 near term.
GWRX chart to consider:
stockcharts.com[h,a]dhclyimy[pb15!b30!b50!b200!d20,2!f][vc60][iUb14!La12,26,9!Lh14,3!Lk14!Lg]
If the market indeed pops tomorrow traders should look to SUNW for a scalping opportunity. A move to the $14’s is possible. Still, traders should make sure they kweep tight stops on the stock.
SUNW chart to consider: |
