Wednesday, May 4, 2011

Watchlist

Here are a few stocks I will be watching tomorrow. As usual, it being earnings season, be sure to check when these stocks are reporting before taking any position in them.
 
REDF - Seems to be done with the relatively low volume correction. Like this for a day trade tomorrow. Wouldn't hold a large position of this overnight due to its volatile nature.


NUVA - Like it over 31.15.


G - At important levels. But nice volume today and also like the orderly move up with MA(20) acting as support. Wait for the break of 16.30.


CBD - Had pointed this one earlier today when it showed up in my intraday scans. Still like it with a stop below yesterday's lows.


Take care and good luck!

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