November 8, 2011 - While pre market hasn't even started yet, it is the perfect time to get your daily trading plan in place. Today, I will be watching China Shen Zhou Mining & Resources, Inc. (SHZ) & Inhibitex (INHX).
Inhibitex, Inc. (INHX) recently reported positive Hepatitis C data which caused the stock to pop significantly. INHX will have support at $9.09 and resistance around $10.30-$10.60. If INHX breaks $8.54 at any time, it could fall hard. However, with the recently Hep-C data, I find it hard to believe that the stock would break support.
China Shen Zhou Mining & Resources, Inc. (SHZ) closed above the 50 day moving average on Monday. SHZ has resistance up around $2.70 so watch that level today. Keep tight stops around $2.15. SHZ was on my top stocks to buy watch yesterday and it surged another 10% after I alerted stockstobuy.org members. Sign up Free.
