Thursday, July 28, 2011

Rundown for Thursday's picks

All the indexes were up till midday in hopes of the debt ceiling confirmation but it started crashing .....DJI closed down around 60 points NASDAQ flatlined and S&P closed down 4 points. As for my picks, all of them were in the green till midday...

TBSI- was right on the money, some am profit taking, tested 1.35 then went back up and tested 1.64, hit a high of 1.76 , 40 cents scalp right there... closed at 1.57 , looks like it still has some upside to it, watch resistances and supports, Charts:
http://www.google.com/finance?q=tbsi
 http://stockcharts.com/h-sc/ui?s=tbsi

CYDE -low volume play, hit a high of 97 cents closed 4 cents up, was good for a 10 percent scalp intraday, might have some more in it but i'm leaning towards a red candle tomorrow, Charts:
http://www.google.com/finance?q=cyde
http://stockcharts.com/h-sc/ui?s=cyde

CHNG -another low volume play, this thing gapped up around 9 cents, but still closed up 16 cents , never hit the oversold levels for an entry, today's candle looks healthy should see some more upside, Charts :
http://www.google.com/finance?q=chng
http://stockcharts.com/h-sc/ui?s=chng

OXGN - didnt quite do it, not enough shorts covering, its in a downtrend, maybe a little lower we'll have a good scalp , hit a high of 2.05 .Charts:
http://www.google.com/finance?q=oxgn
 http://stockcharts.com/h-sc/ui?s=oxgn

CSUN- hit a high of 1.62, the last time it hit oversold levels it went on for a couple of days, i am leaning towards an upside this time around too but the doji doesnt look so good, charts:
http://www.google.com/finance?q=csun
http://stockcharts.com/h-sc/ui?s=csun
From Tuesday's picks
CHBT kept on going..friggin pink stock
RDNT bad call on that one, reversed right back up closed up 13 cents
SMED from tuesday, done with profit taking headed rt back up , starting an uptrend imo , but closed right at resistance, the open tomorrow confirms if its an uptrend or not

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