Friday, October 27, 2006

SUNW - Sun Microsystems


Sun Micro is breaking out of a text-book cup and handle formation on big volume.

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Wednesday, October 25, 2006

AXE - Anixter Int


Anixter reached a new All-time High yesterday after reporting good earnings. The Stock has no overhead resistance whatsoever and looks to go higher.

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Friday, October 20, 2006

CME - Chicago Mercantile Ex


This week's historic proposed merger between the Chicago Mercantile Exchange and the Chicago Board of Trade lead to a breakout above the $500 level. Now we get an excellent risk/reward opportunity as it is testing support again. Buy limit at $500. With a stop loss around $490.

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CHDX - Chindex International


Chindex is forming a textbook cup and handle formation. Coupled with the news, that the U.S. health care provider together with FESCO is targeting a new insurance product at China's growing wealthy class sounds like a propelling opportunity for a buy-stop order at $15.

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Thursday, October 19, 2006

SNTS - Santarus



2006 saw 4 attemps to break above $8.50. Yesterday it finally happened on news of a Heartburn Drug Licensing Deal With Schering-Plough. Entry limit at $9. Stop can be placed just under $8.50 breakout line.

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Wednesday, October 18, 2006

GNW - Genworth Financial



The Stock broke out on September 8 and came subsequently back down to retest support. Now it looks poised to go higher. Entry limit at $36. Stop can be placed just under $35 breakout line.

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Friday, October 13, 2006

GILT - Gilat Satellite Network



One to put on the Radar Screen. This stock comes from a High of 3630 (!!!) on Feb 18, 2000 and has been building a solid base between 4 to 10 over 4 years. A Breakout and continuation of this years impressive move looks possible.



As you can see on this daily chart, wait for better entry levels. Also, check out BRCD and KVHI which are in the same sector and have very similar chart patterns.

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Thursday, October 12, 2006

CMED - China Medical Tech



Breakout above August High on good volume. Both raising TSV & MoneyStream. Stop can be placed below 50 MA or September low.

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