Stock ideas for 03/16/2012 | Bulls on Wall Street

Stock ideas for 03/16/2012

Hey everyone @szaman here, after looking through charts tonight, i really didn’t see many actionable setups. Bunch of extended names and many reversals. This tells me that we might have some slow choppy action for the rest of the week. In this type of Market, try to stick with names that are moving on heavy volume due to some catalyst whether its  earning or news. We saw it today with ECYT,on a slow day every traders and there mothers try to play the same momentum name that’s  in action. I would avoid any names that has been up multiple days. Even on minor correction those names will pull back hard  to nearest Moving Average. Here are best i could find tonight. Good Luck tomorrow. If you have any question/comments, send me an email thenyctrader@gmail.com.

 

ANW Watch 7 area with volume. Stock keeps on bouncing 20
SMA.

 

ARAY Maybe over 6.88 with some volume.

 

CORT Always good to have Bio. name on watch. A trade over
4.16.

 

HSTM  Narrow range
candles,Watching over 21.32 for trade.

 

KTCC Recent momentum name. Broke below 20 SMA Tuesday. Nice
Bullish candle today. May be over 10.40 for a long trade or a short below 9.40.

 

LPI  Oil name.
Technically a bear flag but bouncing 50 SMA and now over 24.25 could be good
for a quick trade.

 

LVLT Kissed 200 SMA today. Watch for a follow through over
25.

 

MGAM Old alert  triggered
today over 10.55. Expansion breakout with volume. We already in it , watch for
a continuation.

 

PWRD Good volume today. Watching over 13.05/13.24. Might try
200 SMA currently at 14.70 with volume.

 

SCEI Momentum  name,
low volume pullback to 20 EMA. Watch for
a continuation over 2.50.

 

TRIP Recent IPO,  Bouncing 50 SMA.Could pop a bit over 31.

Also watch these three Bio’s HALO, PCYC and ACHN. If one moves, other two might follow.

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