Archives for May 2008
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 [...]
DUG: Ultrashort Oil and Gas
Is it time to short Oil and Gas? DUG is an ETF from ProShares that does exactly that and based on today’s news of oil passing $126 bucks it might be time to short?
This idea was spawned by this post on Break Out Watch and it made me want to check into DUG just to [...]
CSAR: Caraustar Industries
CSAR is looking like it may have finally finished building a base and is about to start climbing back upward.
RSI and MACD have been trending upwards since mid March creating positive divergence until about April 28th.
I think the chart looks pretty good and we have some minor resistance around $1.73.
Buy now @ $1.66, when the [...]