Stocks to Watch

Savvis Inc ((SVVS) has gapped up the last two trading days, and has moved from around $13 to Wednesday’s closing price of $16.43 on analyst upgrades. The stock should be watched by traders as twice in April, the stock hit 19 and then 20, then pulled back substantially. This time around, it might not even get that high in the absence of good news, as the $17 area is also resistance. Traders would probably want to avoid options on this one and just short the stock.

Buffalo Wild Wings (BWLD) was up $2.23 points, closing at $33.36 yesterday, on very good earnings. The stock traded 2,862,291 shares compared to the average 609,000 shares it usually trades. Depending on the markets overall, the stock might still have a couple points left in it today and tomorrow. So if it looks like we will have an upmarket, this would probably be a buy today. On an upmove, the August 30 calls should be a safe bet.

SAIA (SAIA) is a trucking company that has moved from just over $10, to $17 in a month. The stock was up $1.27 yesterday and at the $17 area, the stock is right up against resistance. If oil prices start to show strength, we will see weakness in these shares.

Solar Stocks. Solar stocks have been battered of late, but First Solar (FSLR) just released earnings that BLEW past estimates last night, reporting $0.85 cents for its second quarter while analysts where expecting $0.58 cents! As a result, FSLR is up about 19 points to $304 in after hours trading. While it is now too late to jump in on that band wagon in the near term, traders might want to consider Canadian Solar (CSIQ) which is trading at $29.78 though up over a dollar in after hours trading and Solar Fun (SOLF) which is now at $13.47. If FSLR continues upward over the next few days, it will take these stocks along for the ride.

 
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