Stocks to Watch on Mon
ABLE&GEOI&FUEL:
- While Crude Oil Futures are trading at near record levels and heading to my intermediate-term target $60/barrel, I expect these three oil momentum stocks to continue their rally on Mon with resistances at 13, 11, and 2.5 respectively.
SINA:
- This Chinese internet stock is on my shorting list while it is approaching its 1-month high (34.25). It gained a little bit over 6% on Fri with average volume due to continuous momentum on net stocks over the past week.
- I expect SINA to reach an intermediate top at the beginning of next week and my short-entry for SINA is as close to 34.25 as possible with a stop-loss at above 35.
- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sina&sid=0&o_symb=sina&freq=1&time=9
NGPS:
- BUY&HOLD as long as it stays above 20.82 . I expect to see 23 soon if general market holds well on Mon. Otherwise, I will get out and re-load at 20.
HRT:
- I'm expecting it to touch 20 on Mon if market is doing well. However, if it opens low and the bid is not strong, I will sell and re-enter at 16.5 .
Good Luck on tomorrow!
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