Swing Trading NASDAQ Stocks like GRPN, SYNC, and ADNC

The First Swing Trade Watchlist over the Fence! 

In a market slowed to a crawl you have to find ways to make money and one way to do that is to watch for longer term trades until the traders come back from their hiatus! With the DJIA down to 12,542, it might be a challenge for many investors to find themselves in a green trade and apparently many have decided to sit out for a time until Christmas spending starts to heat up the market! Here was my swing trade watchlist sent out on 11.14 to my premium subscribers:

Groupon Inc (NASDAQ:GRPN) might try to fill that gap, take a look at the nice candle it closed out today’s trading session with. This stock has been falling forever, but it has has its little bounces between months of red candles. You will want a stop loss at about $2.59 or so…

This stock inched up all day and it closed up near the HOD at $2.90 for a gain of 6.23% from yesterday’s close. As you can tell in the chart, GRPN has been taking a real beating over the past few months and has lost a significant amount of value. I love to see those little green candles and correcting indicators after a stock has been beaten into the ground for so long!

Synacor Inc (NASDAQ:SYNC) might have a dollar or so left in it from here as it seems to be reversing. The stock is showing support at $4.44, which is a long way off from its last price at $5.12… It needs to break the 20 day moving average to continue its move at $5.53, but I think $6 is possible.

SYNC ran to $5.47 in early trading, but met early resistance at that level… I had mentioned in my commentary on the stock that in order for it to go higher it must break through the 20d. It was stiff resistance and then the stock sold off, but there was still about $.37 that could have been squeezed out of this move.

Audience Inc (NASDAQ:ADNC) is close to breaking out for a continued positive reversal and take a look at that gap it has left behind! If it can close even a small portion of it from here it would make a decent profit. The only problem is the RSI is showing near overbought threshold, so be aware of that. It needs to break $7.97 to be considered a breakout…

ADNC did indeed breakout and even though it has been overbought here – it was able to close up near the high at $8.38 for a gain of  6.62% from the previous close! Nice gain for a $7-9 stock if you ask me! Hopefully, that was not the extent of the move, but even if it is – it was a nice little gain!

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