Despite being oversold,
FFIV looks shortable on a high volume break of $64.00. If it moves up, then we will wait for a retest of the broken trendline.
CTXS is in a narrow consolidation range and could break out anytime as long as support at $37.00 is not breached on a closing basis.
CKFR has pulled back to support on lower volume after last Tuesday's gap up and wide range bar. Looks bullish from here as long as it doesn't take out Friday's low in early action tomorrow.
AMSG was a high volume gap up play on Friday following a Wachovia upgrade from market perform to outperform. It now has a solid base from which to fill the gap to $26.00. Buy on a pullback to support at $24.00 (if it holds - second level of supoort is $23.50) or a high volume break of $24.50. Indicators and oscillators are bullish.
Despite being oversold, FFIV looks shortable on a high volume break of $64.00. If it moves up, then we will wait for a retest of the broken trendline.
CTXS is in a narrow consolidation range and could break out anytime as long as support at $37.00 is not breached on a closing basis.
CKFR has pulled back to support on lower volume after last Tuesday's gap up and wide range bar. Looks bullish from here as long as it doesn't take out Friday's low in early action tomorrow.
AMSG was a high volume gap up play on Friday following a Wachovia upgrade from market perform to outperform. It now has a solid base from which to fill the gap to $26.00. Buy on a pullback to support at $24.00 (if it holds - second level of supoort is $23.50) or a high volume break of $24.50. Indicators and oscillators are bullish.
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