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7 Stocks Ready For A Bounce

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April 13, 2011 – Comments (1) | RELATED TICKERS: GLW , LOGI , MENT

Here's a new screen that I'm rolling out today, and it involves a mixture of high-risk knife catching setups with out-sized reward setups, should the stock bounce as their internal indicators are starting to suggest. These stocks have taken a royal beaten of late, and while the trend could very well continue down in the short-term, there is becoming an increasing likelihood that these stocks could bounce any day now.

In fact, of one of those listed below, Corning Inc. (GLW), I bought today for my own portfolio, as it is sitting on the 200-day moving average with a bullish harami formed on the candles. It is possible that we see a 3-5% bounce in this play in the coming days. For now I have my stop placed at 19.04.

Here are 7 Stocks Ready For A Bounce.

1 Comments – Post Your Own

#1) On April 13, 2011 at 5:45 PM, MegaEurope (21.44) wrote:

I own shares of GLW and the chart looks pretty ugly to me.  I think you'll get stopped out for a loss, and I'll buy more shares below $19.04.

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