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Monday, April 11, 2005

Stocks to Watch on Mon

ARTW:

  • This agricultural equipment manufacturing company posted $0.17 dilluted income per share for the first quarter compared to $0.01 dilluted income per share for same period last year. Gross Margin for the first quarter of 2005 was also up 10.8% to 34.9%.
  • http://biz.yahoo.com/prnews/050408/cgf016.html?.v=4
  • The news was not bad. However, due to its extreme volatility and historical patterns, I prefer only daytrading this stock for the next few days. Two entry points here, get in around 9 in the morning if it opens low with a stop loss below 8.5 OR enter upon break of 10.1 with large volume. I'm looking at 12+ to unload for both cases.

GEOI&ABLE&FUEL:

  • I expect these oil momentum stocks to have a small rally in the next day or two with fewer volumes (less momentum).
  • Entry points are: around 10 OR break of 10.85, 10-10.3 OR break of 11, as close to 2.25 as possible OR break of 2.4 .
  • Exit points are 12, 12 and 2.6 respectively. Tight stop-loss is recommended.

VEXP:

  • I'm interested in daytrading this stock IF it hits 10-10.5 on Mon. I'm looking at 14 to unload and stop-loss will be set just below 10.

Trade well tomorrow and stay tuned for more updates!


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