Here are my latest thoughts on this week's watch list:
Stocks still trending long:
- RAME - continues to trend up, but is outside of bollinger bands, so be aware of possible pullback. Chart shows stops at 1.84 in current position. First target 2.08, second target 2.50.
- EPL - still in swing mode, but very low volume. Stop at 14.25.
- VTG - 1.98 stop on swing out of consolidation triangle. Still swingable, but need volume soon to see VTG move to 2.20 target.
- BWEN - nice action today finishing near HOD. Some resistance here, but a break through 2.14 could open the doors. 2.00 stop. Target 2.42
- QTM is now swinging since it finished above SMA20. As long as it holds upward trending SMA20, swing is valid.
- GLDD - nice bounce off horizontal support. Needs support to continue, but now in swing mode with stop at 7.25.
- CPT made a nice move through horizontal resistance today.. now swinging with 52.80 stop.
Stocks not yet in swing trade, but watching:
- PIP - Needs to get above 4 before I consider long swing
- ZQK - Watching for move through 5.30
- AXU - Watching for move through SMA20
- ELY - Needs volume.. still on watch.
- STEC - Consolidating and watching.
- AXTI - Getting close to getting through the ceiling, but needs volume to get over 9.25 for swing long.
- LINE - Still on watch
On watch, but losing interest:
- ELN
- JASO - fell below SMA20.. Needs to get above before interested long.
- LIZ - looking like it might have a hart time with 7.75
- PVX - struggling to get back to horizontal resistance
- EGO - falling out of triangle. Not a good swing setup right now.
