Monday, April 17, 2006

Watch List - BBBY, AMZN, ITRI, ENER, AAPL, CYMI

BBBY may be finished pulling back. Look for a reversal off of today's hammer like bar.

AMZN is a potential short if the market is weak again tomorrow.

I'm posting the ITRI chart as a follow-up to April 12th watch list.

ENER had a high volume breakout of a two and half month consolidation base. Look for continuation if high oil prices continue to dominate trading.

AAPL's selloff may be due for bounce as it has retraced 50 % of the move from the March low to the April high. Click on the 60 minute view for a better indication.

CYMI shed over a dollar as it follwed the market down midday, however, in the last 90 minutes of high volume trade it took everything back and more. CYMI appears to be in the handle portion of a cup & handle continuation pattern and will likely retest $50.00 soon. It reports earnings tomorrow after the bell and could be a good long in anticipation of a glowing report.

N.B. TEK and CTXS are still on the watch list even though I am not reposting the charts tonight.

2 comments:

Anonymous said...

thanks for your intraday stockcharts.com charts. :)

TJ said...

Okay, you're welcome. :)