Monday, April 10, 2006

Watch List

TEK may be ready to move higher after several weeks of consolidation. Look for a high volume break of today's high.

SCHW - Buy on a high volume break of $18.25.


SOHO and NTES both carved out NR bars after a shallow correction. Both have the potential to reverse tomorrow.

CKFR held its gap support on a closing basis which is generally considered a bullish signal.

CELG is oversold and could bounce back to its 20 day ema. Today's low was slightly higher than Friday's. Buy on a high volume break of today's high.

As noted in the Trade of the day post, CTXS is yet again on the watch list. Today's high is a new 52 week high. Buy on a high volume break of today's high ($38.55). Applications software is the best forming tech sector at the moment.


FAST made a higher low on the 15 minute chart this afternoon and looks well positioned to try to move higher. Buy on a break of $46.70 as long as the afternoon low holds as support.

A few stocks that have recently broke out, are currently consolidating their gains in the upper range of the breakout bar(s). Keep these names on your radar in case of a continuation break:

AMSG, RMBS, ADSK, JOYG, NVDA

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