CAR: Avis Budget Group, Inc
Avis Budget Group is looking interesting in this current chart.
I think there are two potential options:
If the price can fill June’s tiny gap and break through $8.53 then we could see the price move towards resistance @ $9.17 and then $10.19.
Option 2, which i think is the most likely, is that the price may drop [...]
DDM: Ultra Dow 30 Proshares Fund
DDM is an ETF that tracks the Dow and is described as:
“The Ultra Dow30 seeks investment results generally equivalent to twice (200%) the performance of the Dow Jones Industrial Average Index.”
That said, there are some very positive signals on this chart (circled in red) that indicate a market rally is probably going to take place [...]
SCHW: Charles Schwab Corporation
I just got off of the phone with SCHW after opening 2 accounts (a checking and brokerage). Their support was PHENOMENAL to say the least. These guys are doing it right.
While talking to the support guy i realized he was knowledgable in everything from technical analysis, to web technology and it made me wonder what [...]
STLD: Steel Dynamics Inc - Resistance
Super quick update on this one. I made a call on this guy back in April which I feel was not a *great* call. I was expecting the stock to move above $35.56 much sooner but regardless I was reviewing that post today, and when checking the charts again noticed that there appears [...]
CRME: Cardiome Pharma Corporation
This chart of CRME looks fairly good. It’s a bit messy , and that’s how it goes with pharma companies, but i do think there are some tasty nuggets hidden in here.
The RSI has been trending upwards since February and will probably come down a bit to tag the trend line.
Looking @ the chart itself [...]
PRGX: PRG-Schultz International
This (very) messy 12 month chart of PRGX on the left is showing a few good signals.
Primarily I believe PRGX has formed a cup with handle pattern and will be testing the upper resistance shortly if not Now. There is also an upward price channel that has formed starting around mid January and it looks [...]
THQI: THQ, Inc
THQI appears to be setting up for a break out in the near future.
MACD is under 0 and is moving north. In addition, it just had a bullish cross.
RSI is also moving north and a couple days ago just passed through the 80 mark which is considered a bullish signal.
STO is a little iffy imo. [...]
CLDN: Celadon Group, Inc
The pic on the left is a weekly chart of CLDN. CLDN has formed an ascending triangle that is getting down to the do or die area on both the weekly and daily charts.
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This is the daily chart. Both charts have resistance looming around $11 - $11.50.
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On a strong push through resistance around [...]
WNR: Western Refining
WNR might be in for a quick pop between $9.50 to about $10.50.
If we broke through $9.50 this would be a cross through two key points:
The previous support floor
The 20 day EMA
Speaking of the 20 day EMA, check out what happened the past two times WNR moved crossed it. Both times (denoted with a blue [...]
CMOS: Credence Systems Corp.
CMOS is looking, to me, like it’s basing it’s ass off right now. This one is a good stalking candidate and on a confirming move through resistance it looks like it could move quite a bit.
The only ugly thing on this chart is the RSI. It IS trending upwards but I would hardly [...]