Pre-Market Report:: 10 Movers and Shakers From Fridays Close

On Friday, WallStWatchdog.com circulated the following report addressing 10 stocks with the biggest percentage moves for the session.  Pantheon Traders has historically found that a 25-30% reversal is more ofter than not the norm on a stock that has been the recipient of either a positive or negative percentage change of more than 11% intra-day.  This reversal is further confirmed once the stocks volume exceeds 2(x) average trading volume.

From the list below we feel that Micron Technology, Inc. (NASDAQ:MU): Down -14.14% which traded over 63 million shares on Friday and has average daily volume of just under 40 million shares per day is do for a long entry at around $5.01 provided the stochastic set up in the pre-market supports a crossover near 20.00 with an upward sentiment.  If the stock breaks down below $5.00 ten its your call, you can either sit on the sidelines or flip your position to the short side.  The physiological breakdown that occurs once the stock breaks $5.00 could be good for another .30 on the downside. 

Symbol: MU     Trade: Long     Entry Price: $5.01     Exit Price:    $5.32     Stop Loss: $4.99
-or- 
(depending on the pre-market set up) 

Symbol: MU     Trade: Short    Short Price: $4.99    Short Cover: $4.69     Stop Loss: $5.05

Excluded from the list below, we feel that Focus Media Holdings Limited (NASDAQ:FMCN): Down -17.31% which traded over 14 million shares on Friday and has average daily volume of just under 3 million shares per day. FMCN is poised for a long entry around $17.00 based on the set up. The 5 day chart has a stochastic crossover that just formed at 12.08 and intersected above 20.00 into the close. Friday,  FMCN traded up to 16.98 in the aftermarket so depending on the pre-market setup Monday, this will either confirm our $17.00 entry price or force us to quickly reset our price. 

Symbol: FMCN     Trade: Long     Entry Price: $17.00     Exit Price: $18.15     Stop Loss: $16.83


Also excluded from the list below, we feel that Eastman Kodak Co. (NYSE:EK): Down -53.84% or .91 on the day to close at .78. While EK traded over 65 million shares on Friday and has average daily volume of just under 16 million shares per day it is set up for a long entry at $1.00. The 5 day chart has a stochastic crossover that just formed at 49.54 and intersected above 20.00 to the close. Friday,  EK traded up to 1.05 in the aftermarket so depending on the pre-market setup Monday, this will either confirm our $1.00 entry price or force us to quickly reset our price. 

Symbol: EK       Trade: Long     Entry Price: $1.00     Exit Price: $1.49     Stop Loss: $.95

Wall St. Watchdog reveals information about 10 stocks showing big percentage moves on our trading screens:

Big Gainers:

1. ProShares UltraShort DJ-UBS Crude Oi ETF (NYSE:SCO): Up +8.56%. ProShares UltraShort DJ-UBS Crude Oil is an exchange-traded fund incorporated in the USA. The Fund will seek daily investment results that correspond to twice (200%) the inverse (opposite) the daily performance, whether positive or negative, of its corresponding benchmark. The Fund tracks a multiple or inverse multiple of the daily performance of Dow Jones-UBS Crude Oil Sub-Index. 
2. Pharmasset, Inc. (NASDAQ:VRUS): Up +6.56%. Pharmasset, Inc. is a pharmaceutical company. The Company develops oral therapeutics for the human immunodeficiency virus (HIV), hepatitis B (HBV), and hepatitis C (HCV).
3. Direxion Daily Finan. Bear 3X Shs (NYSE:FAZ): Up +5.98%. Direxion Daily Financial Bear 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results, before fees and expenses, of 300% of the inverse of the price performance of the Russell 1000 Financial Index. 
4. Montpelier Re Holdings Ltd. (NYSE:MRH): Up +3.85%. Montpelier Re Holdings Ltd. is the holding company of Montpelier Reinsurance Ltd. The Company is a Bermuda-based provider of reinsurance for the global insurance market. Montpelier writes a diversified range of insurance and reinsurance business with an initial emphasis on property exposed business.
5. Seattle Genetics, Inc. (NASDAQ:SGEN): Up +3.5%. Seattle Genetics, Inc. discovers and develops monoclonal antibody-based drugs to treat cancer and related diseases. The Company's technologies increase the potency and efficacy of monoclonal antibodies with specificity for cancer.

Big Losers:

1. Micron Technology, Inc. (NASDAQ:MU): Down -14.14%. Micron Technology, Inc., through its subsidiaries, manufactures and markets dynamic random access memory chips (DRAMs), very fast static random access memory chips (SRAMs), Flash Memory, other semiconductor components, and memory modules.
2. Ingersoll-Rand PLC (NYSE:IR): Down -12.98%. Ingersoll-Rand PLC is a diversified, global company that provides a diverse range of products and services for a wide range of industries. The Company's operations include consist of air conditioning systems and services, climate control technologies, industrial technologies and security technologies.
3. Home Inns & Hotels Management Inc. (NASDAQ:HMIN): Down -12.61%. Home Inns & Hotels Management, Inc. operates a chain of budget hotels in the People's Republic of China. The Company manages some of the hotels in its chain on behalf of franchisees.
4. Sotheby's (NYSE:BID): Down -11.8%. Sotheby's auctions fine arts, antiques, and collectibles, offering property in a wide variety of collecting categories. The Company conducts auctions in the United States and other countries. Sotheby's also purchases and resells art, brokers art, markets and brokers luxury residential real estate, provides art-related financing, and restores art.
5. China Eastern Airlines Corp. Ltd. (NYSE:CEA): Down -11.32%. China Eastern Airlines Corporation Limited provides passenger and cargo airline services.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)