Boston, MA 04/09/2014 (wallstreetpr) – Spanish Broadcasting System Inc. (NASDAQ:SBSA) saw some correction in its previous trading session, which otherwise had been on an upward trend In the past week. The momentum indicators as well as the relative strength index are in the overbought zone, which implies the stock may correct some more from the current levels. The traders can take a short term short call on the stock with a target of $5.64 and a stop loss of $7.46. Traders can take a high buy call on the stock with a target of 7.46 and a strict stop loss of $5.66
IsoRay, Inc. (NYSEMKT:ISR)
IsoRay, Inc. (NYSEMKT:ISR) has been very volatile, after a healthy gain in its last week’s trading session,, the stock seems to have lost the momentum and is correcting from the previous high of 3.47 levels. The Momentum indicators have turned downwards that implies the stock may show a further downward bias from the current levels. The relative strength index also is giving strong sell signals. The traders can go short on the stock with a target of $2.29 and a strict stop loss of $3.06. Traders willing to take a high risk sell call on the stock can go short on with a target of $1.36. Traders can also take a buy call if the stock does not break the support level of $2.29 with a target of $3.77.
Spirit Airlines Incorporated (NASDAQ:SAVE)
Spirit Airlines Incorporated (NASDAQ:SAVE) has lost a significant amount in its previous trading sessions; it has broken a critical support level of $56.62. The stock had been trading in a very narrow range in its previous sessions, now the momentum indicators and the relative strength index both have taken a sharp turn downwards and giving strong sell signals. The traders can go short on the stock with a target of around $42.54 and a stop loss of $62.73.
