Tuesday, March 14, 2006

Watchlist - Continuation


AFFX - Continuation of today's move. Target $33.30



NDAQ - This name had a high volume wide range bullish move on Friday and has since been consolidating in the upper portion of the wide range bar. The next big move higher should break resistance at $45.00



NVDA - Making its way upwards to retest its recent highs. Buy on a break of today's high $49.49. The target is $50.75 but if the break is successful, it will go higher.



JNPR - Continuation to $21.00. JNPR was the best performer on the NDX today and closed near its high.



BRCM - Has broken its downtrend line and will likely push itself to the next resistance level at $46.00 from today's close od $45.22.



AMD - Looks like it wants to go higher after the recent correction. Today's reversal carved out a piercing line with a long lower shadow on very high volume which is bullish. Looks like AMD may have capitulated this morning. Next level of resistance is the gap just below $38.00 aligned with the 50 and 20 MA.



YHOO - Formed a bullish engulfing pattern and closed on its highs. Looks poised to go to $32.00 from a close of $31.00



RIMM - Another bullish engulfing pattern coming out of a bullish flag pattern. It is challenging its post NTP settlement high of $83.00 and could break it on the open. Next level of resistance is $84.50.

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