Watchlist for Tuesday March 3rd 2015

Recap for Monday March 2nd 2015

Monday morning was an eventful day in the stock market, a couple of good missed opportunities such as $EYES, $BIOC (both took a big dip), $ZAGG and $ABTL both has a bit of run as earnings winners, $CYCC and CYTX displaying parabolic moves remaining on the green and $RESN starting to show signs of a bounce based on speculation.

I took a late day o/n position on $RESN based on a Tim alert and information that Seeking Alpha is coming out with a favorable article for it, hoping for a morning spike and make $0.5/share on it.

Today’s Watchlist

Potential Shorts

$GENE ATR Risk/Reward Support Resistance Rating Goal Bias
1.615  1:2  $10.54 $11.17 ★★ $0.5-0.75/sh Short
Notes
This stock has been on my watchlist for a while now, with a major drop over the last 10 days. This stock is expected to continue falling either close or to its pre-run levels.
Concerns
 Very irregular stock, lots of traders getting burned with choppy behavior, trade with caution.
$EYES ATR Risk/Reward Support Resistance Rating Goal Bias
1.5364  1:1.8 $14.85 $15.9 ★★ $0.5-0.75/sh Short
Notes
$EYES had a big drop yesterday following a spike that pushed it to the mid-$17 range, before it closed at $15.01. This stock will probably crash some more in the coming days.
Concerns
Lots of competition to get shares to short on this one.
$BIOC ATR Risk/Reward Support Resistance Rating Goal Bias
1.43 1:2.9 $3.54 $3.8 ★★ $0.3-0.5/sh Short
Notes
This biotech stock has displayed a parabolic price action type of behavior; it had a $1 drop before experiencing a rebound. This is a potential short as it will probably keep on dipping now that the biotech hype is calming down.
Concerns
This may spike some more before it drops, shares to short have been hard to obtain.
$DRAM ATR Risk/Reward Support Resistance Rating Goal Bias
 0.2064 1:2  2.9  3.56 $0.3-0.4/sh Short
Notes
This stock was up on news of acquisition of $100000 of shares at $2.00/share by its Interim CEO. Weak news, but enough to create a hype behind this stock which may be a potential short as it failed to follow through. The stock closed at $3.08, about $0.42 of its highs.
Concerns
Given the spike yesterday, this stock may run some more.
$HMNY ATR Risk/Reward Support Resistance Rating Goal Bias
 0.5964  1:3.95 3.53 4.24, 5.23 ★★ $0.5-0.75/sh Short
Notes
Parabolic price action on this stock, making it a good candidate for shorting; price fell 3 days ago before experiencing a rebound. This stock will probably keep on dropping back to its base level in the coming days.
Concerns
Shares to short are hard to obtain, 2nd rebound day, which may indicate another spike/squeeze before it starts dropping.
$CYCC ATR Risk/Reward Support Resistance Rating Goal Bias
0.2229 1:3.6  1.58 1.76,1.97 ★★★ $0.3-0.4/sh Short
Notes
This stock has shown a parabolic behavior, making it a good candidate for shorting in the coming days. It still hasn’t had a red day, but will probably soon start to drop and revert back to its base level around $1.
Concerns
This stock may spike some more before it starts dropping. Potential squeeze for early shorts.
$ARQL ATR Risk/Reward Support Resistance Rating Goal Bias
0.1393 1:3 1.78 1.9 ★★ $0.3/sh Short
Notes
Parabolic price behavior, 2nd red day with small drop in price, with a potential bigger drop; price is up on earnings on the 25th from around $1.30.
Concerns
Price may bounce before it starts dropping again.

Potential Buys

$RESN ATR Risk/Reward Support Resistance Rating Goal Bias
 1.9207 1:2.68 10.54 11.7 ★★★ $0.5-$1.00/sh  Long
Notes
This is a very speculative stock on which I currently have a position. It is a potential buy as a dip buy based on the major drop 2 days ago from its $15 price point. Rumors of a favorable Seeking Alpha article coming out.
Concerns
This stock may continue dropping, small up action on the last 2 sessions.
$ABTL ATR Risk/Reward Support Resistance Rating Goal Bias
 0.6064 1:2 13.28 13.87 ★★ $0.3/sh  Long
Notes
ABTL is an earnings winner on 3rd green day, potential buy or dip buy at previous support level.
Concerns
Given that this represents the 3rd day up with slowly reducing day range, the stock may encounter a dip in the coming days.
$ZAGG ATR Risk/Reward Support Resistance Rating Goal Bias
 0.4014 1:2 8.00 8.44 ★★ $0.3/sh Long
Notes
This is an earnings winner up $2.00, and is currently at its all time high. Given the the current price point, this will probably be a potential dip buy or if it continues with the hype could be a good morning spike.
Concerns
Given the price point at an all time high, the price may drop to a more familiar level.
$CHGG ATR Risk/Reward Support Resistance Rating Goal Bias
 0.4371 1:2 7.9 8.27 ★★ $0.3/sh  Long
Notes
This is another earnings winner up from the $6.50-$7.00 to the mid-$8s at its peak. It is currently on a period of bounce and may spike some more before it falls back down.
Concerns
Given that the bounce has been underwhelming, the stock price may just fall without a major move in price

Compressed List

$GENE $EYES $BIOC $DRAM $HMNY $CYCC $ARQL $RESN $ABTL $ZAGG $CHGG