Need to Know Tue Apr 1 2014 (stocks listed in the post)
April Fool”s! The “Need to Know” video for Tuesday covers those stocks listed below — and in the order listed, in case you want to fast-forward to stocks of specific interest. Actionable parameters are listed for most stocks discussed. Don”t forget to check the Activity Feed for my updates on how price action is performing compared to the parameters.
(BO) Breakouts and breakdowns — Stocks that probed above or below their recent range… More to come, or just noise?
(PB) Pullbacks — Stocks that have ended one leg, and are now correcting lower, presumably before resuming their rallies with another upleg.
(EA) Early adopters — Stocks that haven”t been on the radar recently, but might be soon… What specific price behavior to watch.
| ATTBF | BO | Gapped up to extend Friday”s reversal, so far holding 1.90-1.95 support to maintain new rally leg to new highs |
| AVTC | BO | Testing prior lows around 3.18 while volume expands, which needs immediate rejection back up to avoid 2.33 and possibly much lower |
| BRDT | BO | Reaction to gap up held support all day without extending the rally. Early strength would be creible for extending higher intraday |
| CARA | BO | Double Bottom breaking higher on substantial volume, close above 19.95 Tue would confirm, targeting 22.40 and 24.15 |
| MDRM | BO | Broke above .155 buy signal, now targeting .23 and .29 |
| PMCM | BO | Recent breakout still being consolidated, and back aboev .0053-.0054 would target .0079 and .009 area |
| SKTO | BO | Still hovering at its maximum allowable pullback which maintains the past two weeks dipping has been only a temporary correction before resuming the breakout. Closing under .029 would destroy the bullish picture. |
| STEV | BO | Breakout extending higher, on expanding volume, just needs to hold .25 for this leg to maintain its momentum targeting .45-.48 on this leg. |
| CBIS | EA | Ascending Triangle, triggered above .197, confirmed above .245, targeting a retest of the highs around .30. Breaking lower first under .16 and .155 would trigger a bigger downleg |
| EDXC | EA | The recent .28 high held as resistance, and now breaking above it would trigger a retest of the recent .36 high. |
| MINE | EA | Monday”s .041 high is strong resistance, and I would buy above it on expanding volume, but not touch it otherwise |
| PHOT | EA | No signal, just holding above .52 pullback target and announcing earnings |
| VAPE | EA | Touched the upper-end of my 13-15 target and then bounced on upgrade from a world renowned analyst, I”m still monitoring for at least the low”s retest |
| CBGI | PB | Held .18-.19 support, while volume evaporated. Going to need participation and liquidity to recover. |
| EAPH | PB | Inverted H&S would start breaking above .0645, confirmed above .0749 and targeting .11 and .13 |
| ENRT | PB | Extended Friday”s recovery throughout the day, might buy a dip to .68 expecting recovery to resume |
| GRNH | PB | Low volume pullback to .47 support probably can”t tolerat much more time or pullback before accelerating out of here back above. 55 to new highs |
| GWPH | PB | Slight volume downtick on strength back above the morning”s 56.60 buy signal that extended $4 higher intraday, avoiding our sale |
| TAUG | PB | Expanding volume on Monday”s intraday rally helps to confirm that Friday”s low didn”t gain traction. Pullback limit is .069 that must hold to avoid probing fresh lows |
| TRTC | PB | I”d like to buy it about 15 cents lower, under 1.00. It might extend without that, but not as predictably. |