Daytrading Stocks to Watch for 04/28- SSN, HDY, DRYS, ARNA, IRE, CYCC, SOMX, REDF, AIB, YRCW, SHZ, LLNW, LVLT, JSDA


Samson Oil & Gas Limited SSN- Samson Oil & Gas Limited announced the issuance of 492,400 ordinary fully paid shares at AUD 0.015 per share. The shares were issued pursuant the exercise of listed options.

Hyperdynamics Corporation HDY- Hyperdynamics Corporation, incorporated in March 1996, is an exploration-stage company. The company, through its wholly owned subsidiary, SCS Corporation possesses contract rights for and engage in the exploration and exploitation of oil and gas in an approximately 9,650 square mile concession off the coast of the Republic of Guinea in West Africa.

DryShips, Inc. DRYS- Shares of DryShips are currently trading below their 50-day moving average (MA) of $4.88 and below their 200-day MA of $4.80. Look for the MA to provide resistance for a short-term rebound in the shares.

Arena Pharmaceuticals Inc. ARNA- Arena Pharmaceuticals is currently below its 50-day moving average of $1.46 and below its 200-day moving average of $2.72. Look for these moving averages to decline to confirm the company's downward momentum. In the last five trading sessions, the 50-day MA has fallen 0.86% while the 200-day MA has slid 0.91%.

Bank of Ireland IRE- Bank of Ireland still faces a struggle to avoid a state takeover because the government requires the bank to raise euro4.2 billion ($6.1 billion) in coming months to cover its worst-case scenario for future loan losses.

Cyclacel Pharmaceuticals Inc. CYCC- Cyclacel Pharmaceuticals, a biopharmaceutical company developing oral therapies that target the various phases of cell cycle control for the treatment of cancer and other serious disorders, is in Sleading Biotechnology industry stocks and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.

Somaxon Pharmaceuticals Inc. SOMX- Somaxon Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the in-licensing, development and commercialization of proprietary branded pharmaceutical products and late-stage product candidates to treat important medical conditions where there is an unmet medical need and/or high-level of patient dissatisfaction, currently in the central nervous system therapeutic area.

Rediff.com India Ltd. REDF- Rediff.com India Limited (Rediff) along with its subsidiaries, is engaged in business of providing online Internet based services, focusing on India and the global Indian community. The Company operates in two segments: India Online business and US Publishing business. India Online business includes revenues from online advertising and fee-based services.

Allied Irish Banks plc AIB- Owners of Allied Irish Banks may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days. In the past 52 weeks, shares of Allied Irish Banks have traded between a low of $2.00 and a high of $21.20 and are now at $3.50, which is 75% above that low price.

YRC Worldwide Inc. YRCW- YRC Worldwide should find initial resistance at its 50-day moving average of $2.24 and further resistance at its 200-day moving average of $4.41. Look for these moving averages to climb to confirm the company's upward momentum.

China Shen Zhou Mining & Resources, Inc. SHZ- China Shen Zhou Mining & Resources Inc. is the 5th best rebounding stock in this segment of the market. It has risen 690% from its 52-week low. It is now trading at 44% of its 52-week high.

Limelight Networks Inc. LLNW- Investors will be watching closely the outcome of Akamai's lawsuit against Limelight Networks LLNW in the following months. Akamai Technologies persuaded a U.S. appeals court to reconsider whether Limelight Networks infringed Akamai's patent over software that speeds delivery of Web videos.

Jones Soda Co. JSDA- Jones Soda JSDA has a short interest ratio of 4.4 based on average daily volume of 252,000 shares and 1.1 million shares short. That equates to 3.5% of the 32 million shares outstanding.

Level 3 Communications Inc. LVLT- Level 3 Communications, Inc. LVLT is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network.

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