Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List
This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.
These 5 stocks will be towards the top of my day trading radar this week.
| Top 5 | |
| 1 | GRPN- Rumors circulate as this dead cat bounced 23% on Friday. This massive squeeze might have some substance behind it with hedge fund purchases one week prior and acquisition rumors starting to swirl. |
| 2 | SWHC- After reporting earnings last Thursday, this stock has been all over the place. Despite increasing profits and margins, the gun maker plummeted to below $10 on Friday. It still holds the upward daily channel and I do think there is long term value in this play. |
| 3 | GES- Special Ex dividend approaches and the price action is one for consideration depending on the opening value in comparison to announcement date. |
| 4 | CLF- This distressed stock is attempting to stop the bleeding as the temporary bottom has been found at $28. Would not be surprised at a pop either direction and will attempt to play intra-day reversals with enough momentum to make the trade warranted. |
| 5 | HP-My favorite trender from my watchlist as I’m very bullish on this drilling stock. Technically this stock is sound and I”ll be looking for key entry points to get long while maximizing risk vs reward. |
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