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Tuesday, April 10, 2007

April 10th - CHTR WYN HSC

Cramer's first recommendation was Charter Communications Inc. (CHTR)

Closing Price: $2.84
After Hours High: $3.05
Percent Increase at High: 7.4%
After Hours Most Recent: $3.02
Percent Increase at Most Recent Price: 6.3%
Sector: Services
Days to Cover: 8.0
Short %: 23.93 %
% Held by Insiders: 13.58 %
% Held by Institutions: 78.50 %
50 Day Moving Average: $3.04
200 Day Moving Average: $2.27


Although Cramer asked people not to bid CHTR up to $3, the stock went to that level instantly and continued even higher. Cramer recommended CHTR on February 22nd and here are the details of trading the next day:
February 23rd
Pre-Market High: $ 3.28
Pre-Market Low: $ 3.18
Pre-Market Close: $ 3.26
Pre-Market Volume: 813,860
Last Nights Price: $3.35

Regular Hours Open: $3.26
Initial Spike Price: $3.26
Time of Spike: 9:30am
Initial Drop in Price from Initial Spike: down $0.10 (-3.1%) to $3.16
Time of Initial Drop: 10:41am
High for the Day: $3.26
Low for the Day: $3.15
End of Day Closing Price: $3.19, up $0.09

So the stock was a little higher then (which means Cramer's recommendation didn't seem to hold very well). As you can see the stock traded in a very tight range, so the same could happen again. There is an opportunity here tomorrow, but given the possibility of a tight range it could be difficult.

Next Cramer recommended Wyndham Worldwide Corporation (WYN)

Closing Price: $34.68
After Hours High: $35.55
Percent Increase at High: 2.5%
After Hours Most Recent: $35.35
Percent Increase at Most Recent Price: 1.9%
Sector: Services
Days to Cover: 1.8
Short %: %
% Held by Insiders: 0.07 %
% Held by Institutions: 79.80 %


After hours action has taken WYN right around the top band on the chart which is currently at $35.44. Since the stock hasn't skyrocketed after hours (up just under 2%) and is near that top band I have a feeling that it could hold up pretty well tomorrow assuming the overall market isn't down a lot. The after hours volume is pretty light though so if that doesn't pick up tonight or in the pre-market, then it may not hold its gains, but otherwise I don't see much downside.

Finally Cramer recommended Harsco Corp. (HSC)

Closing Price: $45.35
After Hours High Most Recent: $46.12
Percent Increase at Most Recent Price: 1.7%
Sector: Basic Materials
Days to Cover: 1.8
Short %: 0.84 %
% Held by Insiders: 0.63 %
% Held by Institutions: 66.80 %
50 Day Moving Average: $43.26
200 Day Moving Average: $40.19

Once again, another pick that is approaching the top band with the after hours push. This makes predicting the move tomorrow a little difficult. HSC is on the pricey side for me, and as a result is only up 1.7% after hours, which means (assuming the stock doesn't go red tomorrow) that the max downside is 1.7% which isn't great in a situation where the stock isn't even showing too strong of an indication of being overbought. I expect some down ticks tomorrow morning as with mostly all of Cramer's picks, but once again, probably not enough room to the downside to make this a worthwhile opportunity.

Comments on "April 10th - CHTR WYN HSC"

 

Anonymous PENNY STOCK INVESTMENTS said ... (January 16, 2014 2:19 PM) : 

Great stocks

 

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