Tuesday, June 06, 2006

Watch List - MXIM, MYGN, CTXS, AAPL

The selling pressure on MXIM has subsided and it looks well positioned to test recent resistance levels at $33.00 and possibly $35.00 in the near-term.

MYGN feels like it's about to make an explosive move.

CTXS held its trendline on a closing basis. I noticed some high volume buying in the last half hour of trading so we may get a technical bounce here tomorrow.

AAPL carved out a NR bar and a higher low on a retest of its long-term trendline. If the market reverses up tomorrow, AAPL looks well positioned to bounce from here.

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