CAMARO’s Watchlist for 5/14/13
GS - If the markets are continue their upward movement I believe financials is where we will find momo. I like GS for tomorrow and this week. Pretty decent bull flag setup that touched the 8ma today that can trigger the next move up. Today it got rejected when it tried to cross above 150 but I think tomorrow if markets are little stronger it will have no issue making a push for 151. 151 is the big resistance spot and if it pops above that then I am targeting a move to 155ish for friday.
AMGN - Biotech stocks have been big movers as of late and AMGN could be the next one to make a move into new 52w highs. last week I talked about a descending triangle that could breakout and on friday/monday it did get above the triangle and now we have a measured move to 114 which is where 52w highs are. Id like to buy a gap down or play it when it breaks above todays high. I like the June 115 calls
JPM - If market is green this week I think JPM could be a big mover into new 52w. Looking at the OI for JPM there huge OI (open interest) on the 50 and 52.50 strike call options so I would think we could those levels come into play this week. My entry spots Id want are dips that hold 49.20-.30 or play a break 50crossover.
The rest of the watchlist can be found here: http://www.thestockgarage.com/watchlist-for-51413/
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