Tuesday, March 29, 2011

Daily Bouncer Watch List for 3/30/2011

Here is a list of possible bouncers for Wednesday.

CAR is back on the list. It has been consolidating and trading in a tight range. It is not a perfect setup for the bounce play by any means, but because it rose from about $14.75, and has been trading in a tight range for a couple days, I expect it will make some sort of significant move soon. Reverse bounce play below $17.93, continuation play above $18.33.
SFD - Reverse bounce play below $24.56, continuation play above $24.93
CPLA - Bounce play above $49.24, continuation play below $46.82. Trade the continuation play extremely cautiously, as it has to drop significantly just to get to that level.
RES - Reverse bounce play below $24.37, continuation play above $24.99

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