Monday, June 12, 2006

Watch List - QSII, CERN, CELG



Along with the usual suspects I'm also watching CERN and QSII for a possible change in trend direction. QSII came out with a strong earnings report at the end of last week and gapped up. Let's see if the ADX line can break resistance here for a potential swing trade. CERN seems to be in the process of forming a base and its ADX is fast approaching a potential crossover.

CELG has a very low ADX reading despite higher prices. This type of divergence usually foreshadows an explosive move.

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