Tomorrow I will focus on these 2 stocks, MGM and RIMM. These 2 stocks shot up too fast and too much. They are due for a serious reaction. What I mean by a serious reaction is a 4-5% drop or even more. They are definitely good for day trading. I will not swing short them though, especially RIMM since it has been very strong lately. I might go swing long on FAZ again tomorrow if it shows signs of strength.
Click on the pictures to have a better view
MGM has a long upper shadow with huge volume on its daily chart, which is a tpyical sign of weakness.
RIMM has not showed any signs of weakness yet. I will be patient.
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