2008)

Posted by admin

August 24, 2008

Bullish Plays:

Valeant Pharma (VRX) - Nice breakout at 20 on 2 times average volume.

Netease.Com (NTES) - Breakout at $25-26 but lack of volume.

Nicor (GAS) - Good breakout on avgerage volume. Need more volume to assert breakout.

Mindray Medical (MR) - Trying to breakout again with increasing volume.

CV Therapeutics (CVTX) - Another biotech acting strong near its current level.

Foot Locker (FL) - Strong breakout on monster volume.

Liberty Media (LMDIA) - Good breakout at $27 on above average volume.

FTI Consulting (FCN) - Forming a positive base below $75. Watch for it to breakout.

Charles Schwab (SCHW) - Constructive action at $23-25 level.

Bearish Plays:

Mosaic (MOS) - Can’t seem to get above 200 dma.

Walter Ind. (WLT) - Past leader showing some weak action.

James River Coal (JRCC) - Bumping against 50 dma and might roll down from here.

Alpha Natural (ANR) - Looks like a late stage rally to 50dma resistance level.

Monsanto (MON) - To the point reversal from 50dma.

Arena Resources (ARD) - Rolling down from 50 dma.

Apple (AAPL) - Churning here between $175-180 level with too much overhead resistance.

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Have fun !!!

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