May 4th - GSS CYNO

Cramer looked at some good plays for the CNBC portfolio challenge and recommended Golden Star Resources Ltd. (GSS)

Closing Price: $4.46
After Hours High and Most Recent: $4.90
Percent Increase at High: 9.9%
Sector: Basic Materials
Days to Cover: 2.7
Short %: 4.81 %
% Held by Insiders: 1.11 %
% Held by Institutions: 23.40 %
50 Day Moving Average: $4.25
200 Day Moving Average: $3.34


These small ones are tricky because they can move it small dollar amounts but big percentage amounts. Looking at the chart the after hours price is still below the top band of $4.98. The chart also shows that the stock hit a wall at the 20-day SMA. The news that Cramer said could move this stock isn't going to hit Monday, so this has a chance to go down considering it was down today. $5 will be an important number to watch and I could see that being the top if it even goes that high and could be a good short entry area.

Next Cramer recommended his next favorite cosmetic laser play Cynosure, Inc. (CYNO)

Closing Price: $30.97
After Hours High: $32.20
Percent Increase at High: 4.0%
After Hours Most Recent: $32.00
Percent Increase at Most Recent Price: 3.3%
Sector: Healthcare
Days to Cover: 0.8
Short %: 3.75 %
% Held by Insiders: 6.52 %
% Held by Institutions: 44.90 %
50 Day Moving Average: $26.62
200 Day Moving Average: $18.76


Stock is still below the top band at $33.34 with the after hours around $32. The stock was showing some weakness as it retreated from the top band, MACD crossed to the downside recently and coming off an overbought indication with an RSI near 70. $32 could be the high point for early trading Monday and could have a quick drop off from that point if it opens that high. It may not come close to $32 though if this cools off over the weekend, but I could still see this coming down to the $31.50 area.