Livestock 11/19/2014

Wednesday”s Livestock reviews the January Effect candidates first (ARNA, ATTBF, BTU, CALL, CBIS, CDE, CLF, GBLX, GSK, NCT, OCN, PBR, RIG, SODA, WLT). The main theme was a reiteration of the warning not to try bottom-fishing or knife-catching new lows at this time of year.

Other stocks reviewed are:

DEWM — Raised the target.

SRNA — Wondering why all the excitement and volume haven”t yet translated into rising price.

CARA — Almost a January Effect candidate except for low float, has corrected back to its base.

MCIG — Hugging uptrending support, so can”t delay recovering if new lows are to be avoided.

ERBB — Targeting new lows at .0105.

INSY — New breakout trigger is above 42, since the recent breakout wasn”t confirmed.

GWPH — Late breakout of Ascending Triangle now testing 82.80 resistance.