SNDK's stock has shed 20 dollars per share over the past 6 months and is now finally making its way to support. As you can see from the chart, SNDK has support slightly below 36 dollars. It is at this point that I would look to initiate a position. However, If a bounce doesn't occur and the stock flounders, you can stop out a couple percent below.
MOT, a Carl Icahn stock that has acted miserably for as long as I can remember, is coming down to long term support at around 14.50. The stock is currently at 16.44, so it does have some value to shed still but once it gets to support, the stock will be a buy. Again, i'd recommend placing a stop loss below support in order to contain any losses.
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