Short MXO & Long ZIXI.

(Click to enlarge Chart)

SHORT MXO AT $6.98.
MXO showed up on an Overreaction screen of stocks making a one-day move up in price of 30% or more, a level often unsustainable in the short term. MXO recently jumped over 53% in one day. If you look at the stochastics, it is also overbought. It also dipped intraday below support at $7 and closed below that level after I entered my position.


(Click to enlarge Chart)

LONG ZIXI AT $2.14.
ZIXI showed up on a screen for stock which are up 25% or more in five days at or above their six month volume average. This stock corrected by tanking more than 10% today but seemed to find support above the $2 level and the 50 day moving average. The stock is not yet oversold but may be soon. We shall see if my entry was premature.