February 17, 2015 - MDT - Midday Missive

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

Bio Pharma is up and away.

NBIX...as long as this is higher on the week , look for a tgt just shy of 42.

ARRY...has an initial tgt just shy of 9.50.

PCYC...little lotto play here. This reports tomorrow.

2/20/15 185 Calls that expire Friday, is worth a look on any weakness.

ACT...reports before the bell tomorrow. If it trades like GILD and breaks 10% it's a buy.

Descent earnings will see this trade near 295.

GILD...should try and print 104.10. Price action and closes above this level should lead to a test of the high.

ICPT...support is 195. 220.50 is the 200 DMA which will act as resistance and the closing upside pivot.

UNH...is putting in a sideways correction. As long as this is above today's low of 108.50, this should work back higher.?

 

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For Glossary of terms and abbreviations click here.