Morning Coffee, Day Trading Watchlist: $IMAX $PAY $VMW
February 21, 2013 - 9:25am
Wall Street Nole's Morning Stocks to Watch for Day-Trading
"Oh, the best part of waking up...
Earnings season is back!
The near term uptrend was officially broken yesterday for the first time in 2 months. Be very careful as we could see a pull back to the 148 level in the near future.
Check out some of today's highly anticipated stocks to day-trade while you have your morning coffee.
Morning Coffee - Day-Trading Watch-List
$IMAX - This stock fell off the boat yesterday in negative earnings anticipation and from overal market decline. After reporting better than expected IMAX is up around 5% in PM. It can be a thin trader but with traders coming in on this today it should have some opportunities intra-day for bounces and trend plays.
$PAY - We use to trade this quite a bit and then it fizzled out. Today it is in play because of amended earnings estimates and a "profit warning". Be careful with this stock because this sucker can fly. It's currently trading at $20.80 in PM, down nearly 35% rom yesterdays close.
$VMW - I believe this stock may be cooked as it is now off the range and in a downtrend. I'll be short bias for as long as I ke...Continue reading this article »