iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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More Late-Night Stock Trading Ideas and Explanations

UdN2r

The first two are long ideas in the medical equipment and space, ABMD and large MRGE, respectively.

The next two are short ideas, both in the suddenly-lagging large cap biotechnology sector: BIIB and CELG. Both daily charts have been hit by heavy selling as price looks to be forming bear flags. They are still in monstrous long-term uptrends which makes shorting trickier. But then again on weakness the rubber band on those longer-term timeframes appears to be snapping back the other way now.

Speaking of lagging sectors, also take a look at TRN on weakness in the transportation space as another short idea from a potentially bearish descending daily char triangle in a correction.

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ABMD

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MRGE

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BIIB

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CELG

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