May 31st - CCIX FCSX GLDD

Cramer looked at some stocks that could be added to the Russell 2000 index and recommended:

Coleman Cable, Inc. (CCIX)
Closing Price: $26.56
After Hours High: $ 28.67
Percent Increase at High: 7.94%
After Hours Most Recent Price: $ 27.97
Percent Increase at Most Recent Price: 5.31%
Sector: Industrial Goods
Days to Cover: 0.4
Short %: %
% Held by Insiders: %
% Held by Institutions: 0.80 %

FCStone Group Inc. (FCSX) (Instant homework not available)
Closing Price: $42.29
After Hours High: $ 44.00
Percent Increase at High: 4.04%
After Hours Most Recent Price: $ 43.81
Percent Increase at Most Recent Price: 3.59%
Sector: Financial
Days to Cover: 0.7
Short %: 1.55 %
% Held by Insiders: %
% Held by Institutions: %

Great Lakes Dredge & Dock Corporation (GLDD) (Instant homework not available)
Closing Price: $9.06
After Hours High: $ 10.25
Percent Increase at High: 13.13%
After Hours Most Recent Price: $ 10.20
Percent Increase at Most Recent Price: 12.58%
Sector: Industrial Goods
Days to Cover: 10.2
Short %: %
% Held by Insiders: %
% Held by Institutions: 7.50 %


GLDD is up over 12% and now above the top band that was at $9.49. The stock was also at an RSI of 68 and with this price increase would put it in an overbought level. Also, it appears the MACD was about to cross to the downside (bottom part of chart, black line crossing underneath the red line). This is a low volume stock with 10 days to cover the current short position so there might be a few panic buys in the morning since the stock has had a strong run as of late (50 day moving average is in the $7's), but I don't see this after hours gain holding and would think that the top band at $9.49 could come into play.