Wednesday, August 23, 2006

Watch List - CEPH, ATHR, NVDA,

I'm seeing a lot of bullish flag patterns on many of my charts tonight. Look for continuation from those stocks that closed near their afternoon highs and lows.

CEPH closed on its highs and looks well positioned to attempt a breakout any day now.

ATHR fell through its pivot on a closing basis. Look for a possible retest on the open followed by further selling.

NVDA tested its 10 day EMA and showed some strength into the last hour of trade. Look for continuation on the open. Initial target is $27.00, followed by $27.50.

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