Wednesday, July 12, 2006

Watch List - FFIV, TZOO, AMZN

FFIV is consolidating its recent losses nicely and looks like it may retest the $50.00 pivot point. FFIV reports earning Thursday, July 20th AH.

After filling the bearish gap resistance intraday, TZOO retreated and closed under the gap. This is usually a bearish signal, however, this stock has a lot of momentum to the upside, so I'm not expecting much of a pullback. In fact, I will be watching to see if it doesn't rebound after filling this morning's bullish gap.

By all accounts, TZOO's UK business is performing very well. We'll soon find out as they announced today that they will be reporting Q2 results on Thurs. July 20th BTB.


AMZN may be forming a bullish ascending triangle. Look for a close above the trendline tomorrow. AMZN reports earnings on Tuesday July 25th AH.

Both of last night's watch list names - IDIX and GNSS gapped up and performed well in today's weak market. They also formed NR bars with upper shadows. I will be looking for possible gap fills and another long trading opportunity if the gaps hold as support.

RIMM formed a higher low - no trade setup just yet.

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