CAMARO’s Watchlist for 3/7/13
CMG - Finally broke out of that bull flag and closed above the top of the flag pole with above average volume. I still like the long side here going into tomorrow and strongly believe we will see 385 prints this week and maybe even tomorrow. Support zone in the 371-373 and above 376 all bets are off.
GS - Broke above descending channel today after trying to do it on friday. Tomorrow I want to see some follow through and if it does I believe we could see a move back above the highs of April which is at 151.45. If you look at a monthly chart its a perfect setup for more highs coming into next few weeks. I think this stock will make new 52w highs during the month of May as long as market doesn’t tank.
NFLX - Today NFLX cracked underneath its earnings day lows of 209.51 and hit an intraday low of 204.02 only to bounce and close near the HOD at 210.69. I think this candle is important because the bears tried to fill in the gap from earnings but the dip was bought today. Watch tomorrow for a move back above 212.50 and I think we could see a serious rip to the upside and possibly take out resistance of 218 this week.
MBI - Bull flagged all day long today after catching some news during lunch and it exploded going up over 50% at one point but then spent the afternoon consolidating the move. This is a heavily shorted stock and you gotta imagine if MBI breaks mondays high we can catch another big move tomorrow. Possible squeezer to 16.50-17.50 . If it doesn’t give us follow through tomorrow then perhaps it will give us a bull flag pattern like what FSLR did few weeks ago.
More options setups here http://www.thestockgarage.com/watchlist-for-3713-2/
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