Saturday, March 7, 2015

Watchlist for Monday 09 SPY, ZNGA, ARTX, MYGN, FCS, DEI, WRE, IDXX, RHT

S&P 500 SPDRs
SPY ---> We just entering in a crucial area that will decide the course of next week! SPY going now testing its 50EMA and, or break bellow of it and the fall can be hard or we can have the beginning of a reversal movement! SPY fell -1.41% on volume crossing down its 20EMA and all technical indicators are giving strong negative divergences, so my advice to all investors or traders, is precaution in that phase! Maybe, you should reduce your exposure in some of your long setups! Good luck!! 

ZNGA---> Alerted a few times in last week for this setup to the fact that something is to be cooked!! Well, there it is, ready to spike higher! It made a strong trade session with heavy bullish volume crossing up its 20EMA and 50EMA in a very Red Day! Amazing! For next week, $2.71 then $2.84 are my targets to watch!! Chart speaks for itself!!  Stay tuned 

Arotech Corp.
ARTX --->  What a fantastic day! Shares rose +7.17% on volume crossing up its First Major Resistance, its Upper Bollinger Band Line and yet, its 200EMA while the market fell strongly! I´m watching now for a break above of its Second Major Resistance! If do that, we have here a Potential Upside Runner again! Great bullish chart!! To follow

Myriad Genetics, Inc.
MYGN ---> Watching for a break above its 200EMA and a upward movement into the next possible Breakout, which is happen over $36.07!! MYGN has 43.02% of short float, so keep closely for a Potential Short Squeeze! Worth watching

Fairchild Semiconductor Intl, Inc.
FCS ---> Breakout over $18.17 and a New 52-Week higher to watch on Monday! Solid setup and is showing strong upside potential! To follow 

Douglas Emmett Inc.
DEI ---> Made a strong Breakdown on volume !! Has a large room to fall into $26.52 level or its Second Major Support now! Distribution is showing an significant increase and we can see also a huge Selling Pressure! Watching for continuation!! Short setup bellow $27.45

Washington REIT
WRE ---> Watching for continuation of its hard fall after it crossing bellow its Second Major Support and its 200EMA!  Selling Pressure here is huge! Short Setup and Gap Down Candidate to watch

IDEXX Laboratories, Inc.
IDXX ----> Potential Breakdown to watch on Monday!! Price is showing signs of weakness as it fell -2.13% crossing down its 50EMA and closing bellow of it! Now, it going test the breakdown, $152.32 level to break, and if do that, it will gain large room to fall! Its Bearish MACD and ADX Crossover are pressing the price! Short setup to watch bellow $153.90

Red Hat, Inc.
RHT ---> Is another setup that is showing strong bearish activity! Shares fell -2.06% with decent volume crossing down its 20EMA and 50EMA and closing above them! It has now a large room to drop which is a true possibility if the market going down too! If you are long here, be careful, if you are short, you have great possibilities to be a winner! Short setup to watch bellow $66.40


All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade