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Welcome to the WallStreetTape.com Swing Trading Stock Picks Blog.
Tuesday, June 21, 2005
Swing Trading Stock Picks for 6/21/2005
WallStreetTape daily swing trading stock picks. Full commentary available at www.WallStreetTape.com
Commentary: Make sure your protective stops are in place on all open positions.
Click Ticker Symbol for Stock Charts
Currently Open Positions:
MLHR - 5/13/2005 - Short from 28.85. Maintain your protective stop at 32.35. Initial target price $26.85.
ENWV - 5/19/2005 - Long from 30.50. We are up over 16.65pts. Maintain your protective stop at 40.50(+10 in the money). Initial target price $32.50 hit on 5/20/2005.
SMSC - 6/2/2005 - Long from 16.80. We are up over 1.71pts. Maintain your protective stop at 17.80(+1 in the money). Initial target price $18.80 hit on 6/7/2005.
VAR - 6/7/2005 - Long from 36.98. Maintain your protective stop at 35.30. Initial target price $38.80.
CREE - 6/14/2005 - Long from 27.00. Maintain your protective stop at 25.50. Initial target price $29.00.
SYMC - 6/15/2005 - Long from 21.35. Maintain your protective stop at 20.35. Initial target price $23.35.
Remember that we are looking for 1-3 point moves on our targets. If reached, make sure you are closing at least 1/2 of your position.
Closing Positions:
KMX - 5/10/2005 - Short from 28.40. We were stopped at 26.40 for a 2.00pt gain. Initial target price $26.40 hit on 5/13/2005.
Daily Stock Picks for 6/21/2005
Ticker: GPM
Buy (Stop): 22.65
Stop Loss: 21.15
Initial Target: 24.65
Historical Volatility: Medium Risk
Commentary: Make sure your protective stops are in place on all open positions.
Click Ticker Symbol for Stock Charts
Currently Open Positions:
MLHR - 5/13/2005 - Short from 28.85. Maintain your protective stop at 32.35. Initial target price $26.85.
ENWV - 5/19/2005 - Long from 30.50. We are up over 16.65pts. Maintain your protective stop at 40.50(+10 in the money). Initial target price $32.50 hit on 5/20/2005.
SMSC - 6/2/2005 - Long from 16.80. We are up over 1.71pts. Maintain your protective stop at 17.80(+1 in the money). Initial target price $18.80 hit on 6/7/2005.
VAR - 6/7/2005 - Long from 36.98. Maintain your protective stop at 35.30. Initial target price $38.80.
CREE - 6/14/2005 - Long from 27.00. Maintain your protective stop at 25.50. Initial target price $29.00.
SYMC - 6/15/2005 - Long from 21.35. Maintain your protective stop at 20.35. Initial target price $23.35.
Remember that we are looking for 1-3 point moves on our targets. If reached, make sure you are closing at least 1/2 of your position.
Closing Positions:
KMX - 5/10/2005 - Short from 28.40. We were stopped at 26.40 for a 2.00pt gain. Initial target price $26.40 hit on 5/13/2005.
Daily Stock Picks for 6/21/2005
Ticker: GPM
Buy (Stop): 22.65
Stop Loss: 21.15
Initial Target: 24.65
Historical Volatility: Medium Risk
