Hey y'all! I have some ideas for your Friday! It's been a fun week w/ OHRP from my list earlier this week going nutzo 3 times in one week...up 20% one day, down 30% the next, and up 40% today, lol. This is why I don't swing trade these types of stocks or if I do I always book profits on the first day. Also ISR went on a pretty sick run on a couple PRs that sent it from my $2.72 call to $3.25, and my IDRA swing from $3.12 is starting to heat up a bit. Anyway, despite the fact that there were a lot of nice charts out there last week, I've found that intraday there hasn't been much I wanted to risk a ton on. I was laying some pretty heavy size into RGSE today from $2.75 all the way up to the $2.90s but it never broke $3 so I never got to really put on the full position I wanted (8k shares) and had to take a small gain on it and admit defeat, lol. Tomorrow I will probably still be able to grab a couple thousand shares for a quick day trade but the opp to get in for a big profit is gone now, at least for me in terms of my risk tolerance. Anyway, Here are some ideas for tomorrow!
RGSE over $3.00 should spike pretty good, I would think at least $3.20 and probably $3.50 is in the cards.
LNG long over $69.50 looks strong
MEI for a continuation - it closed above weekly highs at $37.53 and was testing high $38s all day so I think through $37.75 it should push toward $39.
BWP looks good for a continuation (thanks /u/liggitystock)
PLUG over $4.75 could continue toward/through $5
I also have several alerts set and am watching stuff that is "in play" like OHRP, ICLD, IDRA, MNKD, LIVE, RALY, GPRO and a bunch of others. The ones listed above though, are my favorites. BTW, KPTI priced a secondary offering at $42.50/share which I kind of expected so it will probably break down tomorrow...sucks cause it was a really nice flag on the daily chart, but ... it was a turd anyway so I guess this is to be expected. Lol, will be watching because if it holds up the flag breakout will be very strong.
Hope everyone had a great week and makes some cash for your Friday!
Chris
DISCLAIMER: I am a day/swing trader. LONG means I'm expecting price to go up, not that it's a long term trade. SHORT means I'm expecting price to go down, not that it's a short term trade. Just because I post these here does not necessarily mean I'm buying/shorting them. They are ONLY ideas, may not be traded at all, and if I do take them, 99% of the positions will be closed by the end of the day. One other thing...any swing recommendations should be taken w/ extreme caution - lock in some profits as I am not checking these to see if they have earnings or anything before posting, so if they do they could make crazy moves. Do your own DD on them. BEFORE you ask "what are your thoughts on [insert symbol here]?" here is my answer: Tell me what your thoughts are and I will tell you if I agree! It's impossible for me to give thoughts when I have no idea what your plan is. Other than that if ya have any questions, feel free to ask below and as always, share your ideas too. The more the merrier!
Submitted June 27, 2014 at 12:20AM by greenbartrading http://ift.tt/1iArPM0
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