Friday’s Top Stocks From TradersWire
Editor’s Note:
Kamada is away from the trading desk until the end of May. In his place, I will
be writing this report.
Brice
From
last night’s column, Corning triggered long and Men’s Wearhouse
rallied a little after a very strong open. Consolidation often follows thrust,
so I would be a little suspect about today’s action as far as any further
near-term upside. Marvel announced earnings tonight that beat estimates
by 0.02.Watch for that one to show early strength on Friday, although a large
gap up might be able to be faded. On a smaller gap up, buying the pullback
intraday may be a good plan. From previous columns, I would take profits
in NTRS.
Now, five stocks for Friday:
Big Lots
(
BLI |
Quote |
Chart |
News |
PowerRating) may have some issues at this level.
And so might Integrated Circuits
(
ICST |
Quote |
Chart |
News |
PowerRating)…
Symantec
(
SYMC |
Quote |
Chart |
News |
PowerRating) has some resistance coming up.
Sharper Image
(
SHRP |
Quote |
Chart |
News |
PowerRating) missed and guided lower. This
should gap down. Any rally can be shorted as this stock needs to base more
before any meaningful up-leg can begin.
Able Labs
(
ABRX |
Quote |
Chart |
News |
PowerRating) has no reason to go up. They have
suspended shipping their products because of possible problems with their
testing practices, they said they may be recalling even more drugs in the
future, and if that isn’t bad enough, the CEO resigned today. But, it was down almost 75% on Thursday and for that reason alone
someone is looking at this thing right now as a possible long. You could see
some decent intraday moves in this stock. If you decide to play this stock, be
careful and use wise money management. Just remember, stocks are cheap for a
reason and don’t turn around on a dime, either.
Brice