Intraday Investments Stalk Sheet for Wednesday, October 24, 2001
In the after hours market, the Nazdaq Futures are up 10.00 pts and the S&P Futures are up 6.00 pts as of 7:25 am edt.
Stocks in our sector model reporting earnings today include: ARBA, DD, HCA, CRA, NXTL, P, S, BUD, AFL, BVSN, AFL, CHIR, CRUS, CORR, FDRY, INCY, INHL, JNIC, MENT, MCHP, MUSE, PRGN, PDG, QSFT, SANM, STK, WLP.
On the Economic Calendar today we have: At 2:00 Pm: Fed Beige Book.
Longs:
PCS, Sprint, Long > 25.00, Telecom Sector, $XTC.X
Above here we break key resistance on the 5 min chart on our way to yesterday’s high of 25.17 and then the 200 ma on the 15 min chart at 25.50. This sector looks primed for a reversal.
Q, Qwest, Long > 16.44, Telecom Sector - ILEC, $XTC.X
Stock is forming a potential double bottom and we will look to enter long on a break above the 40 period MA on the 60 minute chart. Sector is primed to reverse.
Shorts:
IDPH, Idec Pharmaceuticals, Short < 56.50, Biotechs, Top-tier, $BTK.X
This stock began to crack yesterday and formed a hanging man into the close. Below here we break all major moving averages on the 5, 15 and 60 min charts.
MYGN, Myriad Genetics, Short < 44.63, Biotech Sector-Cancer Research, $BTK.X
Below here we lose the 200 ma on the 15 min chart and the last support on any of the time frames we follow. This one formed a bearish engulfing candle on Tuesday and closed near the low of the day.
Trade Well Today!
Ed, Steve & Deron
General Partners
intradayinvestments.com
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