"Da Picks from Da scans!" 0404
Ok here they are, with a few comments: (ob = overbought, os = oversold, BB = Bollinger Bands, mom = momentum)
Stop limits are: Stocks $5-$20 range I am using -3/4 as a stop limit. Stocks $20+ range -1 pt stop limit.
Combination of TA and value plays:
AXE: buy at 19, strong, +mom
ADCT: watch buy @ 24 +RSI, +mom, jut entering os
UICI: still looks good buy at 34
EAT: base @ 6??? strong chart
AD: buy at 27 1/2 +mom, +macd, + wilder RSI, stock in ob area but strong minimal risk
XETA: buy @23; +mom, + wilder RSI, is on ob, but good sector
CHB buy on dip 27 3/4 strong stock
Value plays:
TDW : just left ox, bounced of 50dma
NBR: has bottomed in os; + mom
KEG: upturn from os, sharp pop on 9dma, just dipped belos 25, 50mda
*NAUT: in os, ready to bounce of 25/50mda
TBI: +mom, starting to ride upper bb, stock appears to want to stay above 20
RDC: +mom, stoch upturn wanting to trend upper BB
ADCT: watch; +mom, entering os, look for 24
BJS: in os; +wilder RSI
PDE: + wilder RSI, trending upper BB, is in os area, but sector is strong.
*NOTE: 7 of the 20 stocks in this scan are in the OIL sector, this cannot be ignored. Neary all are postitioned for long term gains. (see note from last weeks post, these stocks are moving nicely for trading)
UNDERVALUED: These are stock with good movement to the upside. Usually strong companies
*WIX: buy at 5 5/8 mom is going positive, + RSI
*VOX: buy at 6 9/16
ECILF: watch buy @ 29 1/4 good sector
*GDC: buy @ 5 1/8 sector, just entering os, + mom
CRO.B: buy at 19 ( good resisitance at 19) +mom, 19 is the levelof the 9,25,50dma and its below lsq.
TA breakouts; this scan doesnt produce many stocks...very narrow..but they do very well..
*TRBS: tightening BB, in oversold, based buy at 33, below lsq, regonial bank possible takeover?
POSTIVE BREAKOUTS: Modeled using Telscan searches combined with the Vector Vest" theories: vectorvest.com
*CAND: os stock wants to move buy @ 7 3/4
*BVSN:
CMIC: buy at 21 5/8 sector play
BVF: watch buy at 43 1/2 os, may revocver very very quickly
*FFGI: + mom, + wilder, while in slight os area its trend along upper BB
PCTY: + mom; + wilder RSI, trending upper BB
CENT: buy @37 3/8, just enetering os, strong trend ready to counce off of 25dma
PRGS: buy @29 1/2 strong sector, base @ 30 range trending upper BB nicely
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Common sectors of the list to be noted: OWD, TES and DSO. These three sectors comprise about 1/3 of the scans this week;
Shorts:
*PMRY: losing mom, starting to trend lower BB, in OB area
*LVSI: - wilder RSI, ob, stong stock for a short term squeeze play..then long
FINL: squeeze play
CHML: short @39 3/4 has had a great run, however in ob, -mom, - wilder RSI, and just broke 9dma
FBN: short @33 ob; mom flattening
HDI: short @ 32 1/2 ready for profit taking
RSC: very good run up, profit taking, watch closely
VAL: short @43
Again set the appropriate stop limits.
* denotes the personal selections of me. All stocks should be considered.
Remember: The types of scans will determine the time frame for one to wait for them to "pay off". ie, the undervalue and value scans will produce stocks that over a long term will do quite nicely. TA & Value are stocks that should do well in the mid term. Postive Breakouts and the TAT scans are those for short term positions. Thus stop limits may be set to personal preference when considering the "type" of holding, ie perhaps 2 pts on undervalue and value stocks, etc.
DISCLAIMER:
The information presented by me is not an offer to buy or sell securities referred to herein. By no means is the company information complete. One should obtain financial statements and a full due diligence package, including chronological news releases, from this company prior to reaching any investment decision. In addition, it is highly advisable that information provided here, should be verified by the respective companies represented. One should not rely upon a single source for financial information, financial data, and corporate information. One should also use the full battery of available technical analysis (including stock charts, moving averages, etc.) and consult a licensed financial advisor for an independent opinion. The information provided is from my own due diligence and my own search criteria developments. I am not in in the financial advisory business. I am not responsible for the outcome of anyone's investment decision.
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