Watchlist for 1/12/15

January 12, 2015

AGEN - In blue skies over a partnership with Incyte. Could be a breakaway gap. Looking for an ABCD setup to go long.

BIND - Very active since Thursday. I think this could grind up through 8. 7.50 is the current resistance area it has to overcome.

NDRM - This thing is making another bull flag on the daily/15min chart

 

TKMR - Merger agreement with OnCore Biopharma announced this morning. Surely this will have big range and some trades as many of the biotechs have lately.

NBIX - Possible push to 30 if last weeks' high breaks.

Favorite Swing Trades

MTW - Ichan has a stake in this and rumors are that this is a candidate to be split up in to separate crane and food service businesses. I like going long here for swing trade with a risk on 19.30.

YELP - On Friday this had a nice pop above the recent highs. It's also made some higher lows this week. Would be interested in sizing into a position around 55.70, with a risk to the baseline.in the low 50's. Hard to tell where this will base to use as the next area of risk.

HELE - Possible breakaway gap here. Interested in possible ABCD or r/g for intraday tomorrow, but good chance it retests 70 at some point before running higher.

FEYE - I just like the look of this chart. It's making higher lows, has spent months consolidating, and its coming up into the 200DMA. Could be ready for a substantial breakout above 34.