Updates on HRT, NGPS, ABLE, GEOI, FUEL
HRT:
- HRT looks ready for a run to 20 tomorrow from this 5-day chart. I will watch carefully for the strength of general indexes before taking a position in this stock. My stop-loss will be set below 17.5 .
- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hrt&sid=0&o_symb=hrt&freq=7&time=3
NGPS:
- I see this stock heading to 24.5-25 area soon from this 3-month chart. Its volume in the past few days has been great and momentum is high.
- Again, I will wait and see how Dow&NAS perform in the morning before taking a position here. My stop-loss will be 21.9 .
- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ngps&sid=0&o_symb=ngps&freq=1&time=6
ABLE&GEOI&FUEL:
- Took my profits on GEOI and FUEL today and I expect these oil momentum stocks to consolidate for a day or two after their extended rally in the past few days.
Trade well tomorrow!
posted by dreamrealizer at 3:16 AM
1 Comments:
Hi Shawn,
I was busy today so I haven't got time to reply until now. Since I have to get up very early in the morning, I will go over these stocks real quick.
I dont think GRU can go higher at this point BUT if it can break 22 with large volume, then buy it.
TASR is still struggling to find buyers at this point, looks like it is heading to 9 non-stop. However, I believe at least a dead cat bounce to 10.5 or higher is needed before it falls to next level (below 9).
AIRT's chart looks a little bit better now but I think more consolidation is needed at this level before it is ready for the next move. You can get in as close as to 16 as possible with a stop-loss below 15.9 .
NOVL forms a bull flag here. I'd say buy it upon break of 6.25 and unload at around 7.
NGPS is still a good buy right now with a stop-loss just below 20.85 . Break of this support will bring it back down to 20 or below.
HRT has been consolidating well these days and I'm looking at 22-22.5 as its next stop. Remember to always put a tight stop-loss, just in case breakout failure happens since it is already up 40%.
Hope these will help. Good Luck!
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