Sunday, April 30, 2006

Watch List - ADBE, ENER, BRCM

ADBE

ADBE is consolidating its recent gains near the top of its range and could continue upwards anytime.

ENER
After forming a nice base and breaking out at $50.00 two weeks ago, ENER has come back to retest the breakout point. It now looks well positioned to continue its uptrend. A view of the 15 minute chart below. shows positive divergence of the MACD.


BRCM

After a deep pullback BRCM is oversold and looks ready to bounce. We've had two successive higher lows and a look at the 60 minute view below shows that we have positive divergence of the MACD. Buy on a break of $42.00. Aggressive buyers can buy a break of the downward sloping trendline.

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