CORT: Stock made a new high today trading up to $15.58 before closing at $15.37. It is mid channel in a strong up trending channel. I have price targets of $16.50 and $18.00. Short ratio 10.6 days to cover so could add momentum to the trade.
FCX: With copper trednign stronger and world economies projected to be strong this year, copper has strengthened and with it copper stocks. Probably the purest play is FCX. It has resistance at $15.25. But if it can get through that level then $17.00 is the price target.
SCCO, Southern Copper, is the other play. It popped nicely today as well right up to resistance at $40.00 closing at $39.91 If it can get through that resistance level then $5.00 is the next target. Short ratio, 9.1 days to cover.
MDXG: Another strong day for this stock as it traded to a high of $17.36 today closing at $16.93. If the momentum continues the price targets remain the same at $19.00 and $23.00. Short ratio, 23.1 days to cover.
SPPI: As stock I have written about recently after it broke out of its base and now has found support at $9.25. It needs to get through $9.75 with price targets of $10.50 and $11.50. Short ratio, 11.5 days to cover so should add momentum to any break out.
ATRO: Stock had a nasty drop last week, bounce and now is forming a bear wedge. If it should break out of the wedge to the downside I would look to go short around $26.00 with $24.25 as first support then $17.00. Short ratio, 4 days to cover.
PE: Oil stock that continues to form bear flags and then break down. It has recently broke out of a bear wedge and trading at support. A break below $24.50 and it is headed for $21.00 and $19.00.
SKT: Real estate reit that is getting hammered. It recently broke down out of a bear flag and traded as low as $24.47. I would look to go short below that level to the next support at $22.00 and then $19.00.