STOCK PICKS FOR WEEK OF 3/30/09
Friday, March 27, 2009
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>OWW - Orbitz Worldwide, Inc.
Last Week Price: 1.24 RSI: 26.53 ADX: 47.24
This Week Price: 1.45 RSI: 37.52 ADX 45.48
Comments:
Good pincher pattern with a small pop this week. Expect to get a little more volume out of this early in the week, then I would expect a slight pullback.
Last Week's Percentage Total (Beginning Low to End of Week High) % - +30.8%
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>SOMX - Somaxon Pharmaceuticals
Last Week Price: .31 RSI: 22.94 ADX: 59.77
This Week Price: .35 RSI: 27.03 ADX 59.94
Comments:
Good pincher pattern with some volume this week. Expect this to double this week, as it was 2.50 a little over 3 weeks ago. ADX is high, and RSI won't take much to reach 30.
Last Week's Percentage Total (Beginning Low to End of Week High) % - +26.7%
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>SGY - Stone Energy Corp.
Last Week Price: 2.83 RSI: 35.88 ADX: 53.12
This Week Price: 4.00 RSI: 49.97 ADX: 42.18
Comments:
This stock popped this week. I expect it to be 5.00-5.50 this week with about about a 25-35% gain, short term. Much more for long term purchases.
Last Week's Percentage Total (Beginning Low to End of Week High) % - +36.3%
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>JTX - Jackson Hewitt Tax Service Inc.
Last Week Price: 3.14 RSI: 18.56 ADX: 69.41
This Week Price: 4.50 RSI: 40.07 ADX: 61.64
Comments:
Popped as predicted. Will run to 6.00-6.50, but watch for a quick retreat. Long Termer with good gains.
Last Week's Percentage Total (Beginning Low to End of Week High) % - +52.0%
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>IGTP - Intelligence Sports (Soon to be Ligatt Securities)
Last Week Price: .0019 RSI: 43.08 ADX: 26.43
This Week Price: .0035 RSI: 51.83 ADX: 23.69
Comments:
I still despise this stock depite the large increase. Moved by news and drops quickly the next day. Sell at the end of day if it runs. I expect .0085 soon. It needs to break the .0044 resistance. May end up being a longer time hold than I would like, but expect it to go to .01-.05 by June. Disclosure - I have 1.2 million shares.
Last Week's Percentage Total (Beginning Low to End of Week High) % - +95.0%
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>>NEW>> LJPC - LaJolla Pharma Co.
This Week Price: .23 RSI: 46.81 ADX: 28.56
Comments:
Easy double. Quick play, and I won't look back. Monday...maybe Tuesday.
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>>NEW>> NCS - NCI Building Sys, Inc.
This Week Price: 2.88 RSI: 34.50 ADX: 50.10
Comments:
Good pincher pattern, already started to pop. Expect to hit 4 or more this week if it pops.
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>>NEW>> CDR - Cedar Income Fund, Ltd.
This Week Price: 1.88 RSI: 28.24 ADX: 56.22
Comments:
Good pincher pattern, hasn't popped but should this week. Expect to hit 3 or more once it pops.
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>>NEW>> SHS - Sauer-Danfoss, Inc.
This Week Price: 2.82 RSI: 30.85 ADX: 43.63
Comments:
Good pincher pattern, hasn't popped but should this week. Expect to hit 4 or more this week.
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>>NEW>> FRP - Fairpoint Communications
This Week Price: .60 RSI: 33.74 ADX: 53.32
Comments:
Good pincher pattern, starting to pinch now. Expect to hit .75-1.00 or more this week.
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I love your Pharmaceutical picks!! I always believe they are good picks and you found a couple of them (pharmaceuticals is where I made my $64k). I am going to get in on one of these. During a time that we are going through they are always a safe bet! Thanks for the info bro!