Technical Analysis Day Trading Setups: 5/30/08
May 31, 2008 Day Trading, Technical Analysis
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???? has been in a strong short term trend following the 13ema/9ma very nicely with another decent move today on increased volume breaking out from its 2 week consolidation pattern suggesting more upside movement from here. ???? forward earnings estimates suggest a fair value share price of 8.75 when compared to the average earnings multiple of this stocks industry. We went long at 4.02 Friday.
Playing the Penny Stock
May 23, 2008 Technical Analysis
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Its been a while since ive traded any penny stocks that are sitting below .50 /share. But this chart looks fairly appealing to me for a possible short term trade with a smaller position to limit risk. Price is forming a bullish cup and handle formation pattern with a target buy price on the breakout of the .049 neckline which should send this stock north if that price is breached. Surprisingly this company is actually moving into profitability with their last 2 quarters profitable and commercial ads being nationaly televised for their product. I want to go long 1/4 position on ???? on a breakout above .049/share.
Technical Analysis:
Technical Analysis Day Trading Setups: 5/21/08
May 22, 2008 Day Trading, Technical Analysis
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???? made a great looking breakout to the upside today on increased volume busting through short term resistance. As this company plays a part in alternative wind energy this has some sector momentum to co-exist with its chart. This is an unprofitable company but has a very high rate of accelerated revenue growth with analysts listing this stock as a strong buy. I’m going long 1/2 position thursday and will buy more if it dips.
Small Cap Stock Picks 5/14/08
May 15, 2008 Small Cap Stock Picks
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???? has been consolidating in a very bullish pattern since it made its last run on solid earnings. I purchased this stock at 2.66 today near the close at it appears its on the move to make another strong short term run.
Small Cap Stock Picks 5/12/08
May 13, 2008 Small Cap Stock Picks
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First small cap stock pick i bought in today is ???? which made a solid breakout above its resistance area around 2.75 on increased volume. They reported earnings today of .09eps beating the street estimates of just .06 placing some positive sentiment in favor of this stock in conjunction with a bullish stock chart should result in a easy profitable trade. Analysts are expecting forward earnings .37 giving this stock a future fair value within its industry around 7.94/share given the average earnings multiple is 21.46x.
Im long 2.98. will buy more on a dip near 13ema/9sma if given the chance.
Technical Analysis:
???? made an awesome looking breakout of its symmetrical triangle pattern today following its announcement of nasdaq listing approval which will bring a lot more credibility to this stock and increase trading volume. Besides the awesome looking chart this stock has some awesome forward earnings growth expecting to report 1.39eps next year giving this stock a future fair value around $34/share theoretically. Of course i dont think we will see this price any time soon if ever, but this forward value sets us up for a great short term trade. As price haltecd near resistance around 5.50 i think we could see a short term pullback possibly in this stock maybe at or around $5/share where i want to make a purchase.
Technical Analysis Day Trading Setups: 5/12/08
May 12, 2008 Day Trading, Technical Analysis
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???? made a strong pullback early this morning likely reacting to the earthquake news in China hitting 7.8 on the richter and tragically claiming the lives of 8700 people. Looking at this trend the 13ema has been a very strong area of support where price usually makes its rebound to new highs. I went long at 1.08 1/3 position and now carry a 2/3 position in total
???? broke out of a very bullish horizontal trading channel while reporting strong earnings last week and new buy ratings from analysts sparking some momentum in this stock. Its very possible we could see a quick 10-20% upside swing here.
