19 Flags today, but few can be used

The search gave out a record 19 flags today, but most correspond to flags that can not be used. Here is the complete list:

Image

Of these, only ACO, EXP, EZPW, GIGM, NGS, TMG and TWTR can be potentially useful, the rest either have low volumes or have been acquired which fakes the software into detecting the sharp jump that precedes a flag.

Of these seven names two, EZPW and NGS are repeats. In fact, we recommended NGS on Jan. 25th. and believe this confirms the recommendation. Of the rest, we particularly like EXP, because of its high daily volume. Volume on Friday for EXP was as large as the day before, so we would watch put if it breaks out tomorrow.

The other names continue to have declining volumes and we would buy into any higher prices with higher volume.

We sold MFLX at a loss of 5% on Friday and RACK with a gain of 16%. We might reenter RACK, but its $6 jump on Friday forced us to take profits. We would expect it to consolidate in the newxt few days.






Page :  1