Thursday, July 31, 2008

Stock Alerts in Action

Onyx Pharmaceuticals (ONXX) shed a bucketload after earnings failed to excite despite the positive spin. An alert for a 1-day drop of 5% or more was triggered so we will be looking to sell from our model portfolio at the open:

Will take a look at another 2% gap stock to take its place. Current candidates include:

Alliance Data Systems (ADS)
American Commercial Lines (ACLI)
Armstrong World Industries (AWI)
AstraZeneca (AZN)
Avista (AVA)
Banco Itau S.A. (ITU)
Beacon Roofing Supply (BECN)
Buffalo Wild Wings (BWLD)
Cummins Inc (CMI)
Dry Ships (DRYS)
Genco Shipping and Trading (GNK)
Hanger Orthopedic (HGR)
HealthSpring (HS)
Keynote Systems (KEYN)
Owens Corning (OC)
Reynolds American (RAI)
Siemens AG (SI)
Steris Corp (STE)
Switch and Data Facilities (SDXC)
Temple Inland (TIN)

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts, and stock charts website