Monday, April 24, 2006

Watch List - ENER, SWIR, CELG, CYMI

ENER is consolidating recent gains and could move higher anytime.

SWIR gapped up on a great earnings report at the end of last week. Keep this one on your watch list as a potential momentum play on a break of $18.00.

CELG is a buy on a high volume break of $40.00 or a retest of support at $39.00. Same type of concept as CYMI below.

After a 38% retracement of the last leg up, CYMI looks ready to move back up to retest recent highs. Buy on a break of $54.00 or on a successful retest of support at $53.00. I'm posting the 15 minute view below to get a better idea of the two possible entry points. If one 15 bar closes below $53.00, the setup is no longer valid.


Carryover from last night - AMD still looks good as a long. It had a a small breakout today but needs more volume. DRIV is still on the watch list as a potential consolidation breakout play.

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