Monday, December 14, 2009

$5-10 SETUPS

Here are some examples of setups that I look for when I do my nightly scans. Tonight, I chose to look at the $5-10 range with 1MM+ volume.

There are a variety of things that I look for. For example, BLC is a stock that will test the Oct highs. INCY broke the Sep highs and is consolidating in a flag. MTW is a dual support play. NYT is a potential late sym tri breakout. TTWO is a breakaway gap down stabilization play. VVTV is a multi-month breakout and consolidation play. DTG is a classic flag pattern testing two MA's.