Tuesday, May 5, 2015

Watchlist for 5/6/15

Some stocks on watch for Wednesday.
OCN- Consolidating after breaking it's range on earnings. Watching if it can hold the 100dma here and fill the gap.
SDRL- Ran up to the top of it's range Tuesday on volume. If it can break out here it may have clear air to the 200dma.
MGM- Broke below the 100dma  and basically filled the gap. See if we get a bounce here.
IP-Down big on 5x normal volume on some bad news for the paper industry. Broke the 200dma so looking for more downside. Maybe a G/R move.
EOG- Down on  big volume after earnings and below the 200dma. Looking for lower.
SSYS- Super oversold for a bounce. May not do much until after earnings on the 11th though.
SAVE- Very oversold and on support at $66.60. See what it does here.
WFM- Moved down to the bottom of a bear flag Tuesday and has earning Wednesday. See what it does there.

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