09/02/10 -- www.TheTechTrader.com -- There are a lot of bullish charts to choose from today, so Harry narrowed it down to 10, most of which are on More
09/02/10 -- www.TheTechTrader.com -- There are a lot of bullish charts to choose from today, so Harry narrowed it down to 10, most of which are on Harry's Fab 40 list, and stocks that are followed very closely. http Dendreon Corp. (DNDN) broke through and closed at 40.57 up 2.33, or 6% gain on 6.6 million. That's the heaviest volume in a month. It certainly looks like this stock has broken out of its basing pattern. Next stop, a test at 44 resistance, and beyond that, perhaps back up towards the 48 -- 50 zone. www.TheTechTrader.com JinkoSolar Holding Co., Ltd. (JKS), a stellar chart and excellent performer, moved about 140%-150% near 27 today, 27.60 at one point, which was a breakout of the wedge. Although it did back off, it closed up 1.58, or 6%, on more than a million shares. That's the heaviest volume since we've been following it. Looks like the top of that channel that going in place, although it's a sharply rising one, may get a press, and that's around 33 1 -- 34. www.TheTechTrader.com Nanometrics Incorporated (NANO) continues to act well, and after this long consolidation following the big rise of last year, this stock gapped up in Aug, flagged, broke out again, wedged, and here it appears to be coming out of the wedge as volume picks up. This stock looks like it's headed to 17, my short-term trading target. http Spreadtrum Communications Inc. (SPRD), former portfolio position, but still a member of our top 25, has great looking technicals. Nice platform <b>...</b> Hide
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12/21/10 - We’re noticing that a lot of low-priced stocks are moving, accelerating, breaking out, etc. More
12/21/10 - We’re noticing that a lot of low-priced stocks are moving, accelerating, breaking out, etc. Usually a tale-tell sign that toward the end of every intermediate bull face we see that occur. So, just a heads up warning that in the near-term we may start to see stocks spike up, reverse, and then may be some important highs in this zone. http://www.thetechtrader.com IDT Corporation (IDT) may have had a significant session today reversing from 25.85 to 28.15 and closing at 27.93 up 1.12. 532,000 shares traded, but more importantly, it appears that it broke out of a 7-day flag and could be headed up to my next trading target around 34.50 – 35.00. That one looks very promising. http://www.thetechtrader.com Molycorp, Inc. (MCP) had a stellar session today, up 5.18 on 9 million shares, or 13%. A clean breakout across the October high, which was a reversal high, and that’s a key level. Once you can get through that level this stock could run. My target on this right now is in the high 50s. That’s about a 14-point run from where we are now. Short-term target, however, around 50. http://www.thetechtrader.com Tessera Technologies Inc. (TSRA) had a big day today after moving up Sept, Oct, Nov, and then coiled for the last seven weeks, but today popped 1.45, or 7%, on the heaviest volume since early June, signaling a breakout to new levels. Looking for a move that takes this eventually up toward the 26-7 zone. That’s our next trading target. http://www.thetechtrader.com Vanda Pharmaceuticals, Inc. (VNDA) had a significant price-volume surge of 1.17, or 13%, on 610,000 shares today. Looking at the volume pattern. That’s the heaviest volume going back to June. Significant because it took out lateral price resistance and the top of the short-term channel. You we see this accelerate. My next trading target is up near the12 – 12 1/2 zone, and that could happen short-term. So, we’ll see how that goes. http://www.thetechtrader.com Other stocks in our Charts of the Day video are Allot Communications Ltd. (ALLT), Adventrx Pharmaceuticals, Inc. (ANX), AudioCodes Ltd. (AUDC), Entropic Communications, Inc. (ENTR), Exelixis, Inc. (EXEL), Flotek Industries Inc. (FTK), Hyperdynamics Corporation (HDY), iGo, Inc. (IGOI), Krispy Kreme Doughnuts Inc. http://www.thetechtrader.com (KKD), Local.com Corp. (LOCM), NN Inc. (NNBR), Collective Brands, Inc. (PSS), SuperMedia Inc. (SPMD), Spreadtrum Communications Inc. (SPRD). http://www.thetechtrader.com There’s some ideas for the rest of the week. TheTechTrader.com is closed on Friday and only open partially on Thursday. So, we’ll see one more update tomorrow night for Charts of the Day, and that will be it until after the holidays. In any case, if we don’t talk again, you have a wonderful holiday and I’ll be back in touch with you shortly. http://www.thetechtrader.com Chart Info: Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in pl Hide
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