Action, Boredom
Make sure to register for the
upcoming course "The Baker/Ten Electronic Trading Course", starting
July 7. Click
here to go to the registration page.
Today’s Watchlist:
(
ALTR |
Quote |
Chart |
News |
PowerRating),
(
ASWX |
Quote |
Chart |
News |
PowerRating),
(
SBAC |
Quote |
Chart |
News |
PowerRating),
(
TKLC |
Quote |
Chart |
News |
PowerRating)
Altera
(
ALTR |
Quote |
Chart |
News |
PowerRating) has pulled back all
the way to its gap level. Watch for a move below the support level noted below.
Can we assume that the stock will break down and open positions early to catch
the bigger move. No. The support level is also converging with the 50-day MA,
which could provide an extra cushion. While daytraders should watch for an
intraday move below the 50-day MA, swing traders will want to watch for a
closing break. Look for support at the bottom of the gap.
Active Software
(
ASWX |
Quote |
Chart |
News |
PowerRating) has been consolidating for several
days now. Watch for a move outside of the range. Set your alerts above and below
near-term support and resistance. Should it make a move outside of the
consolidation, make sure to note that next possible stopping point on both the
upside and the downside.
SBA Communications
(
SBAC |
Quote |
Chart |
News |
PowerRating) is in first stage breakout mode.
Watch for a new closing high today. Should it do so, set your alerts for
tomorrow above Thursday’s intraday high.
Tekelec
(
TKLC |
Quote |
Chart |
News |
PowerRating) moved higher on strong volume on Wednesday,
but is not performing on Thursday. Set your alerts just over 50 as we watch for
a breakout. Watch for a small move to the next resistance level, followed by a
pause. In the bigger picture, we’re still waiting for it to approach its
previous all-time high.
Until later,