Picks
for January 19, 2010
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
ATVI
|
$11.07
|
$10.97
|
$12.50
|
|
BCRX
|
$ 8.34
|
$ 8.24
|
$10.00
|
|
MSFT
|
$31.10
|
$31.02
|
$32.50
|
|
RNWK
|
$ 4.68
|
$ 4.58
|
$ 6.00
|
ATVI RESISTANCE LEVEL - $11.07
ATVI closed slightly higher on Friday on heavy
volume. The stock hit a high of $11.07, which is resistance for Tuesday’s
continuation move. We are buyers of ATVI
once it breaks through this high and expect to see heavy volume again, push it
higher for this move. ATVI can be a
tricky stock to trade, so watch it closely on Tuesday.
BCRX RESISTANCE LEVEL - $8.34
BCRX has been moving up the
past few weeks and looks ready to make another move soon. The stock has been trading in a tight range
the past few days and needs to break the range high of $8.34 to make this next
move. If BCRX can break through this
level we should see a strong upside move.
You want to keep a close eye on BCRX throughout the trading day on
Tuesday.
MSFT RESISTANCE LEVEL - $31.10
MSFT tried to trade
higher on Friday, but the weak market pulled it down on the day. We are watching MSFT on Tuesday, looking for
its next upside move. We are using
Thursday’s high of $31.10 as resistance because the stock closed below this
level after breaking through on Friday.
If MSFT breaks through this high we should see a trending upside
move. Keep MSFT on your radar for
Tuesday.
RNWK RESISTANCE LEVEL - $4.68
RNWK consolidated
on Friday, one day after its breakout move.
The breakout high from Thursday is $4.68, which is resistance for this
next upside move. We are buyers of RNWK
once it breaks through this high and expect to see a quick upside move. There is a chance RNWK will consolidate again
on Tuesday, but keep it on your radar in case it makes an early move.
STOCKS
FROM JANUARY 15, 2010
|
Stock
|
Buy ($)
|
Sell ($)
|
P/L ($)
|
% Gain
|
|
AMAT
|
NT
|
|
|
|
|
EXXI
|
NT
|
|
|
|
|
PCAR
|
NT
|
|
|
|
|
QCOM
|
NT
|
|
|
|
|
|
|
|
|
|
|
Today
|
|
|
$0
|
-
|
|
Month-to-Date P/L January 2010
|
|
|
$170
|
.19%
|
|
|
|
|
|
|
|
Year-to-Date P/L
|
|
|
$170
|
.19%
|
*Percentages are based on Percent
Gained/Lost per Trade accumulatively
AMAT – No trade. Stock did not
hit resistance.
EXXI
– No trade. Stock did not hit resistance.
PCAR
– No trade. Stock did not break resistance.
QCOM
–No trade. Stock broke resistance at the
open, hitting highs of the day during this first minute of trading.
