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.

XRTX-6-22-2011.png

 

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