CAMARO’s Watchlist for 2/19/14
FNMA – Big volume at the end of the day as this chart continues to consolidate at the highs. I think its a matter of when, not if as to getting this stock to breakout. Perhaps the volume surge at the end of today is what will trigger the next leg higher. Needs to break & close above 3.15c tomorrow. 4+ target if the momo swing begins
CTSO - This pattern continues to present itself and its just a matter of time before it rips higher. This setup is identical to what we saw ELTP do last week and look at that move, ELTP ran .29c to .45c in just a few days. Well I think CTSO can do a very similar move, watch above .272c tomorrow.
SPWR - Another solar stock that looks really good following a multi-month consolidation pattern on highs. Id look into getting some March 35x calls in anticipation of a breakout play into new highs. If you look at 10yr chart you can see that this 35ish is big resistance but once that levels breaks out there is much much in the way until 55+
EBAY - The daily range finally began to spread open today as it broke above 55c but it did fail to close at the highs but I think the day that EBAY opens up strong is the day we can actually rip & close on highs. The last 4 days we have began the day with weakness and reversed back green. I think the close above 55 today is something key to note and a return back to the top of the multi-month wedge is for sure in the cards this week and perhaps tomorrow. I am still very much long EBAY with March options & with stock.
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