5/8 hot stocks

Kunal
Desai
May 7, 2012
How to trade stocksbows-opengraphTrading-Watch-List

Market still pretty ugly with most bounces getting sold. We need to re-establish that 50dma to head back into the safe zone for the bulls. The 1357 level needs to hold on the spx or it could get ugly. Most setups I am looking to play are pullbacks to established support areas or news driven plays. Not holding much overnight at the moment.

XIN- bounce off suport.. 50dma moving average and horizontal price support at 3 bucks.

INAP- big breakout over 7.96

SIMG- on watch for a snapback

OPWV- stock is flagging

CXPO- stock in an uptrend.. on watch for a bounce around this 20dma

P- stock getting really tight in a base. should pop if that 9 breaks

KGJI- short watch if it goes parabolic

NEWL- support bounce at this 50dma.. look for volume

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