CAMARO’s Watchlist for 5/30/13
HPQ - Great move today off last nights scan and tomorrow looks good again for an extension. Im targeting a move to 26ish tomorrow. The weekly chart is very good here and a move back into the 26-28 channel where it was at the end of 2011 seems to me like thats where this stock is going in next few days. Dips that hold 25.10 should be good entry points and needs to break above 25.30 as it gave us a bull flag at the EOD.
SCTY - Same setup in tact- nice bull flag formation as it consolidates near 52w highs and if it can get above 50 tomorrow I think it will have yet another squeeze to new 52w highs. This stock is only running because of Mr. Elon Musk, ignore fundamentals… Needs to get above 50. Would buy a gap down that holds todays lows.
CSCO - Bull flag on daily chart as it consolidates its big earnings gap. Today it closed just shy of the recent high of 25.25. Going into tomorrow I want to play a breakout above 25.25 and then target a move to 25 which could act as a magnet. Peak OI is at 24.50 however, we will see if that changes tomorrow if it gets in motion. I will play the 24strike calls.
Click here for the rest of my watchlist
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