Friday, April 8, 2011

Review of Daily Bouncer Watch List for 4/8/2011

Not a bad day.

MERU hit the buy signal, went up a little, and then receded quickly.

DEER hit the buy signal above $6.71 and reached a high of $6.95.

IDI hit the buy signal above $1.62 and reached a high of $1.85.

MAJC opened the day above the buy signal, which I usually don't like to play. It was shown why when the stock just dropped for the greater part of the day after that. Volume really needs to pick up for MAJC to really make a move.

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