Good evening traders! Hope you had a great monday. I had a great day trading $MTG and $RUTH. $MTG had some news intraday that Hayman Capital Management fund manager J. Kyle Bass acquired a 4.9% stake in MGIC Investment Corp which lifted the stock 38 cents. Posted on twitter 3 hours before the rip that I added $MTG for a swing. Still holding 2/3 for a gapper in the morning. Current position is at $2.62.
On watch for tomorrow. $MTG, $RUTH, $EGHT, $ENER, $JVA
On watch for all the reasons stated above. Looking for a gap in the am then I will sell my final shares. Could run to the 100ma of 3.34. Still room here in my opinion.
Holding a position in $RUTH. From last nights watch list. Broke out of its range + 200ma. Technials look good here for a swing. First target will be 5.30. Stop 4.99
Some insider buying lately. I don’t trade for those reasons but just makes it interesting. MACD & RSI appearing bullish. Watching for strength and break over $4 before I place a trade. Stop $3.79
Penny players! potential bottom play. MFI, MACD RSI appearing bullish here. Also like that the long consolidation. I don’t usually trade stocks this low but it deserves a look!
Yes $JVA. I really enjoy trading this stock. Technical look good here. Looking to swing if we can trade above today’s highs. This stock can be tricky. I know the stock personality so I don’t mind holding if it dips.
Good night!
