Friday, July 30, 2010

watchlist 7-30-2010

American Apparel (APP) 1.55 - came down to the range i thought it would come down to but didnt think it would come down to the 1.50ish range in a day. Obviously this is due to news of Deloitte resigning as accountant for APP, dropped all the way down to 1.35 when news hit but closed at 1.55, might take position if falls to 1.40 levels.

Network Engines (NENG) 2.03 - close to its 52 week low of 1.93. this company provides and maniufactures server based platform applications and IT network stuff. Will look for early pullback to 1.90s

Joes Jeans (JOEZ) 1.95 - Seems candlestick hammers testing the 1.90 support level. if it breaks and hits the 1.87 area might be a good point of entry

1 comment:

  1. Watching the market and having good background information is important.
    Thanks,
    Novelty Pens

    ReplyDelete