Picks
for November 11, 2009
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
BCRX
|
$11.93
|
$11.83
|
$14.00
|
|
EBAY
|
$23.62
|
$23.52
|
$26.00
|
|
ERTS
|
$18.45
|
$18.34
|
$20.00
|
|
SBUX
|
$21.45
|
$21.34
|
$24.00
|
we are only trading these picks until 11:00am
est, because of the veterans day holiday.
we expect to see low volume on the day, so be careful with your trades.
BCRX RESISTANCE LEVEL - $11.93
BCRX is an H1N1
vaccination company, which is why the stock has been moving. The stock traded higher on heavy volume on
Tuesday as it closed up $.80 on the day.
We are watching BCRX on Wednesday and are buyers once the stock breaks
through Tuesday’s high of $11.93. BCRX
will move quickly, so watch it closely on Wednesday.
EBAY RESISTANCE LEVEL - $23.62
EBAY tried to move higher
on Tuesday, but was not able to gather much momentum. We still like this stock and expect to see a
bigger move soon. Resistance is now
$23.62, which reflects Tuesday’s high of the day. Watch EBAY again on Wednesday and be ready
for a better trading move.
ERTS RESISTANCE LEVEL - $18.45
ERTS gapped down on Tuesday on
news, but was able to close near the high of its range. We are watching the stock on Wednesday for a
possible move through Tuesday’s high of $18.45.
If the stock can break through this high, we could see a strong upside
move. There is a chance ERTS will trade
lower, but it’s worth watching in case buyers come back in.
SBUX RESISTANCE LEVEL - $21.45
SBUX broke
resistance on Tuesday, but did not give us an opportunity to enter this trade. The stock hit a high of $21.45 on Tuesday,
which is resistance for Wednesday’s continuation move. We are buyers of SBUX once it breaks through
this high and expect to see volume push the stock higher. Keep a close eye on SBUX for Wednesday’s
trading day.
STOCKS
FROM NOVEMBER 10, 2009
|
Stock
|
Buy ($)
|
Sell ($)
|
P/L ($)
|
% Gain
|
|
CSCO
|
NT
|
|
|
|
|
EBAY
|
NT
|
|
|
|
|
GLBL
|
NT
|
|
|
|
|
SBUX
|
NT
|
|
|
|
|
|
|
|
|
|
|
Today
|
|
|
$0
|
-
|
|
Month-to-Date P/L November 2009
|
|
|
$90
|
1.08%
|
|
|
|
|
|
|
|
Year-to-Date P/L
|
|
|
$8,360
|
56.88%
|
*Percentages are based on Percent
Gained/Lost per Trade accumulatively
CSCO – No trade. Stock did not break resistance.
EBAY – No trade. Stock broke resistance early, pulled back for
a few minutes, and then made new highs.
This occurred within the first 20 minutes of the morning.
GLBL
– No trade. Stock did not break
resistance.
SBUX–
No trade. Stock broke resistance around
9:45am EST resistance, pulled back and then made new highs before the first 10:00
am EST.
