Tuesday, November 11, 2008

Breakout! and charts of interest

GXDX

A thin stock on the cusp of a new 52 week high showing impressive strength on a down day and managed to pierce a new high (intraday) off of a Cup and Handle. Volume was light so look for continued strength and increase in volume at or above $40 for buys or followups.

From a fundementals standpoint the recent move is not a fluke. The last two quarters show accelerating earnings growth in a leading sector (medical services) with an increase in sales.


EBS

Also making new all time highs with strong fundementals to back them. This one demands patience though.


And a short candidate - FSLR

I'm inclined toward a general market rally from here which makes me cautious with shorts right now. But....

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