Wednesday, July 29, 2015

Watchlist for Wednesday, July 29 $BBRY $KING $ESI $CHK $SNTA $CENX

BBRY ---> Making a fantastic trade session after the upgrade by Morgan Stanley yesterday, BlackBerry is setting up to continue this climb! The close of the trade session was strong and now, a break above its 20EMA, which can happen with a Gap Up, will open the door for a Big Breakout, over $7.995! Its 20.90% of short float will start to cover and we could get a nice squeeze toward its 50EMA!! Buyers are back! Stay tuned

King Digital Entertainment Plc

KING---> Big Breakout to watch and Potential Short Squeeze on radar as it has 30.46% of short float! Great bullish chart!! Stay closely

ITT Educational Services Inc.
ESI ---> It made a strong trade session on the road for the Earnings ( Jul 30), which is suggesting that the results can be positive! Following this theory, i´m very interested to see its performance today! If it continue rising strongly, i believe that the 49.67% of short players will not take the risk and so, they can begin to cover their positions! We could get here a Epic Short Squeeze! Worth watching!!

Chesapeake Energy Corp.
CHK ---> This stock seems that has reached the bottom and is giving now strong signs for a possible strong bounce! Shares rose 7.53% with high bullish volume! Like the stocks posted above, it is strongly shorted, which 28.08% are short players!! If it continue this upward movement, they will certainly begin to cover their positions and its 20EMA can be the next target!! Technical indicators are now curling up, with its RSI leaving its oversold area, as well its Fast Stochastic, which became bullish crossover too! Nice buy signals here! Keep closely

Synta Pharmaceuticals Inc.
SNTA ---> Another great action yesterday that worth be watching today! The stock rose +7.28% with decent volume, crossing up its 20EMA, and closing at High of the Day!! This Gapper Candidate is on the verge of a Big Breakout and i´ll be watching closely, for a break above its 50EMA!! With 10.72% of short float, it could make a nice squeeze! Like the strong Buy Signal given by its Bullish MACD, ADX and Fast Stochastic Crossovers! On radar

Century Aluminum Co.
CENX ---> It is a Short Squeeze Candidate if it break above its 20EMA with high volume again!! Chart looks strong, showing a high Momentum, and as it has 33.40% of short float, the upside run could be hard!! Stay tuned


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