The market had a tough session on Monday to start the week. I’m not convinced that it’s any more than a pullback retest. Tuesday should be telltale for what’s to come. We’re going to take a look at both longs and shorts and see how they are doing.
Amira Nature Foods Ltd. (N:ANFI) is looking good on a bad day for the market. It has had four waves up, and the fifth wave may have started on Monday with a breakaway gap up 2.45 to 10.75, or 30%, on 2,7 million shares. That was a big move, and with 9.78 days to cover this may extend. The targets are 14-14 1/2 short-term, and intermediate-term it’s nearly closer to 18.
Cray Inc. (O:CRAY), formerly Cray Computing, had an important breakout on Monday, up 3.42 to 36.49, or 10.3%, on 1.8 million shares.
Other stocks on the long side included Barrick Gold Corporation (N:ABX), Amira Nature Foods Ltd. (ANFI), Cray Inc. (CRAY), Dynavax Technologies Corporation (O:DVAX), EnerNOC, Inc. (O:ENOC), and Sientra, Inc. (O:SIEN).
Stocks on the short side included AmSurg Corp. (O:AMSG), Brookdale Senior Living Inc. (N:BKD), Capella Education Co. (O:CPLA), Comfort Systems USA Inc. (N:FIX), Global Payments Inc. (N:GPN), Middleby Corp. (O:MIDD), Power Solutions International, Inc. (O:PSIX), Papa John's International Inc. (O:PZZA), Qlik Technologies, Inc. (O:QLIK), Red Robin Gourmet Burgers Inc. (O:RRGB), Skechers USA Inc. (N:SKX), TriNet Group Inc. (N:TNET), and Verint Systems Inc. (O:VRNT).