Stocks to Focus on for Tuesday, August 18 2009

I am going to be watching , CEGE and CTIC, EPEX for Tuesday August 18th.

EPEX turned down today and broke back inside its downtrend.  Will be interesting to see if it can jump back above the down trend and maybe start some kind of run.  If the market tanks again tomorrow then EPEX may turn stale again so we will have to see what it looks like tomorrow.

CEGE is the most interesting one of the bunch.  Today it had a decent close and was able to close above the high of 2 days ago.  Volume was very robust.  And CEGE managed to gain almost 12 % on a day when the rest of the market was dropping all over the place.

So I am thinking that CEGE has a decent shot at a follow through move tomorrow and especially if the broad market is flat to neutral. It looks like it was up almost 8% afterhours, although I usually try not to read too much into afterhours quotes.

CTIC you have already heard me write about 3 separate times now.  Still impressed by its strength and the larger pattern and will keep following up on it depending on what I find as noteworthy enough to write about. 

So that should be enough to chew on for now. I know there are a lot of other things going on in the market but for now I prefer to focus on this trio.

Lets see how the rest of the week shakes out.

Posted in Online Trading, Penny Stocks, Stock Setups

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