CAMARO’s Watchlist for 7/18/13
REGN - I highlighted this stock last week saying it could be a place to find new momentum while we wait for AMZN PCLN and GOOG to rest. REGN ripped like 40 pts and now is in a bull flag right under 52w highs. Watching for a break above the flag tomorrow and target is 280s. It might need another day of rest so make sure you wait for flag to break.
GILD - Very similar setup here with REGN. Watching for bull flag to break out and then can target new 52w highs. GILD is much closer to its 52w high and the options are much less expensive. There is pretty big OI on the 60 strike calls, so those could act as a magnet going into friday.
MCP - Holding in a bull flag formation that looks like its ready for next leg higher tomorrow. A gap down that holds 7 would be buyable and look for r/g move. Resistance and target would be right around 7.90 ( this stock does have options )
SOHU - With recent runners like BIDU QIHU and now SINA all making really nice moves I think we will see attention on SOHU increase going into the rest of this week. The setup here is very nice. SOHU has been consolidating now for about two months at 52w highs and recently the daily ranges have been getting tighter just shy of that 68.50 level. I believe this is setting up for a breakout. Ill be waiting for a move above 67.10 before beginning any longs and Ill target new highs.
LNKD - Holding up well in this bull flag formation. They dont report earnings for a while and I think we will see LNKD run into the report much like it did last report. 52w highs are very close as it rides along its 8ma. Tomorrow I am watching for break above 199 to target a move possibly to 202.
BA - 3 consecutive days as it sits right under highs after that ugly friday caused by some negative news intraday. I believe it was an over-reaction and that BA will resume uptrend here soon. But with 3 inside bars I gotta throw it on watch. Due for break one way or another tomorrow. (my gut says breaks to upside)
Full watchlist available here
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