Stocks to Buy Today - Stock Message Board, Discussion Forum, Blog
Below is a list of the best stocks today, March 6, 2013. These hot stocks are breaking out to the upside.
Best Stocks 3/6/13
FreeSeas Inc. (FREE)
Endeavour International Corporation (END)
Osiris Therapeutics, Inc. (OSIR)
Homeowners Choice, Inc. (HCI)
China HGS Real Estate Inc. (HGSH)
Mastech Holdings, Inc. (MHH)
Ballard Power Systems Inc. (BLDP)
Good Times Restaurants Inc. (GTIM)
American Apparel, Inc. (APP)
CTC Media, Inc (CTCM)
Asset Acceptance Capital Corp. (AACC)
Prana Biotechnology Limited (PRAN)
Vista Gold Corp. (VGZ)
VeriFone Systems, Inc. (PAY)
PharmAthene, Inc. (PIP)
Gasco Energy Inc. (GSX)
TIBCO Software Inc. (TIBX)
Ambow Education Holding Ltd. (AMBO)
DragonWave Inc. (DRWI)
MGIC Investment Corp. (MTG)
JA Solar Holdings Co., Ltd. (JASO)
Direxion Daily Gold Miners Bull 3X Shrs (NUGT)
Check Out These Red Hot Stocks - Top Stocks 2013
I'm loving FREE today. I have been waiting for this move for two weeks.
Shippers in general, or this part. stock...if only FREE...what was the catalyst or tech you were using to get in?
I'm assuming Rhee was waiting for FREE to rally above the 10 day moving average.
Sue, it was pretty much a no-brainer, technically. We had a double bottom after a positive MACD cross on the weekly chart. That affords at least one bounce. Then, as we also had a hold of an immediate-term triple bottom and broke resistance, it was bound to fly. It's a notorious high beta with volume and price action that is easy to read on the L2.
Tim, on a cross of the 10day, I target the 20day, or the 38.2% fib off the low.
My first target, 1.75 was struck. Now let's see.
Sue, were you in off yesterday's great close?
Should stall 2.07ish? Historical resistance...? Or not. Haha.
Perf! ...I just trade the technicals. Shipping schmippping. But, I hope you caught a leg Sue!
Got in on this at $1.45 this morning, sold at $1.92 to take profits, was a small position was happy to take 30%!
Well done Matt!
On a high beta like that, its pivot point resistance (L1 1.74 and L2 1.93) is helpful. But as we saw, historical resistance (1.80 and 2.07) is perhaps more definitive, although the two can be cross-referenced. Most important though was the exit signal of the MACD line crossing over on the 3min chart. And, intraday, the 1.73-1.80 range is now support, if it holds, or consolidation for a potential retest. And the 1.93-2.15 (HOD) range is resistance. The problem with getting back in is (a) there are other stocks to play, and (b) if you were interested in this stock, would you be looking at it long or countertrend short here, if it double tops? I mean, it just went from 0.90 to 2.15. ...It's also now at the top of a downward channel going back to January that has not been broken, even with this move. If it breaks out of that channel, that is a different story.
Conclusion: profit is profit.