Tuesday, January 27, 2009

Stocks From the watch list

Stocks catching my interest this morning:
Longs: ASEI (hitting horizontal resistance), CAH (trendline bounce), CPLA (ascending triangle), DRQ (new 2 month high),GHDX (bull flag),MCK (trendline bounce), GME (ascending triangle)
SHORTs: PG, SAM, AOC, PSYS(descending triangle), FAST (descending triangle)

To be fair, when i first made my watchlist, i was primarily looking for bullish stocks, so the list is disproportionately represented by stocks that may be predisposed to going higher. Also, many short candidates are trading below $5 which is a price level i generally avoid. The number of shares I would need to short in order to generate good %profit would be to large.

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