Potential Portfolio Movers

The market continues to fly higher but it was a disappointing day for me personally, with none of my short-term swing positions putting enough distance between my buy-in price and their closing price for comfort, and a couple of day-trades also not really panning out.

SATC got as high as 4.30 but despite tapping that level three times, it couldn't break through and I sold in the after-hours session at 4.26 for a gain of just 0.06, basically enough to cover commissions. I ended up holding PEIX overnight as I was encouraged by the action towards the close.

In addition to HAUP coming to life and popping as much as 0.35 today (my order that went unfilled at 2.30 last week is coming back to haunt me!), a couple of swing positions are looking promising.

FSII looked as though it might cut loose based on early volume but ended up adding 0.10 and closing just above the 50-day SMA at 3.02 which will hopefully be significant as we approach the company's earnings results on October 19. Back in May FSII raised their Q3 guidance and that helped propel the stock to 5.00 but it dropped 50% over the summer and then recovered to where we are now.

The chart is bullish and assuming the results don't surprise (either for the better or the worse -- FSII's Q4 guidance was in accordance with analysts' estimates of net revenues of between $5m and $6m), it'll hopefully gradually rise higher, with some nice room to the 200-day at 3.40. The stock has been prone to sharp sell-offs recently, though, so caveat emptor there...

Almaden Materials (AAU) has been popping and flagging in the last few weeks since it leapt above 1.00 and with the last two days' fairly narrow trading range, the chart looks ripe for another potential break-out of the pennant formation that has formed since it rose to 3.29 a couple of weeks ago. I sold on that pop at 3.22 and have since re-bought at an average of 3.05. It doesn't like red market days, though, and sank to 2.80 late last week, a buying opportunity I passed up.

Hauppauge Digital's (HAUP) move off the bottom this week looks to have initiated a new up-trend, with a positive MACD cross on the cards in the next few trading days. Today's close was above the 20-day SMA and hopefully that will provide support, though the 50-day (2.55) has been a robust source of support and resistance during the move higher that started in July.