Here are some possible swing trades I am watching. Swing trades, for me, are trades that can have a portfolio duration of as little as a week, to a much as a few months. I enter the positions after 1.) I have filtered ( screen ) based on fundamentals, 2.) Have analyze the Chart for solid Technical Patterns. I will usually remain in these positions until the technicals give me a reason to sell or they have reached a price target.
XRTX – Fundamental highlights – No Debt, P/E below 6, Cash Per Share of approx $4, EPS estimate @ 1.59 next year. XRTX has sold of significantly after a less than bullish forecast on their January and April earnings conf. calls, although both quarters they delivered strong results. At this point this trade becomes a value ( potential buyout target ) and growth play with technicals to support an recovery bounce from these levels. Target $10.75-$ 11.