CAMARO’s Watchlist for 7/9/13
NFLX - Broke above a descending triangle today and closed at the highs. This stock has a pretty high short % and is very close to 52w highs. NFLX also had the 8ma cross above 21ma which is another bullish indicator. Tomorrow watch for a 235 break to target a move to next resistance which is around 239-240.
GMCR - I think this stock is going to turn back up this week. I really like the way it has been defending the 70-72 range for the past few months and with this sector really heating up I think we might see some bullish activity on GMCR. Watching for a break above the 8ma which right now is at 74.20 (essentially monday’s high) . Clear above that and I think 21ma will be tested around 76. The 75x calls look the best to me.
TSLA - I am long overnight with some 122x calls. This evening TSLA got news that it was being added to the Nasdaq 100 which should act as yet another bullish catalyst for TSLA tomorrow. Techincally the chart looks great, yes its over-extended but its a short squeeze so you gotta through some technicals out the window. TSLA today closed above a bull flag. TSLA was also able to make new all-time highs yet again today. Tomorrow we should see a big gap up but watch for the squeeze to really heat up and perhaps see 130s tomorrow. —side note , SCTY will also probably see some momo tomorrow aswell. Go Elon!
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