Wednesday, May 24, 2006

WatchList - PALM, WMT, CKFR

PALM could snap back after this high volume drop into the 200 MA. Look for a potential quick retest of $20.00 before it comes back in.

WMT looks like it wants to break higher. Volume has been building to the long side lately and it looks well positioned to go higher in the near-term.

As mentioned in the swing trade update, CKFR is forming a bearish flag pattern. The short-term target is $48 and the second level target is the 200 day MA around $46.

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