Sunday, June 24, 2007

Watch List - FWLT, JOYG

The following are 15 minute charts of Foster Wheeler Ltd. (Public, NASDAQ:FWLT) and Joy Global Inc. (Public, NASDAQ:JOYG)

Friday's strong finish could foreshadow a retest of the upper PP for FWLT.

Two consecutive lower highs implies weakness and a potential break towards the lower PP for JOYG.

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