Monday, June 19, 2006

Watch List - FLSH, CERN, BRCM

Despite a higher low, followed by a higher high, $30.00 looks like formidable resistance for FLSH, given the current environment.

CERN has trendline support in the $37.00 area. However, if the trendline doesn't hold, it may setup yet another shorting opportunity.

BRCM is pulling back to Thursday's gap support. It may bounce once the gap is filled. If weakness persists, we have another level of support at $30.00.

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