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Costco pushed above the May high at 84 in September and entered the final leg of a cup with high handle breakout pattern. A rally over six week resistance near 86 should attract strong buying interest and yield an uptrend into the 90s.
07:31AM 10/31/11
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McDonald's rallied to 91 in September and dropped into in a volatile trading range. It returned to resistance two weeks ago and broke out on Friday, posting strong volume. A pullback to support near 90 should offer an excellent buying opportunity.
07:55AM 10/24/11
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Adobe Systems bottomed out at 22.67 in August and tested that price level in October, posting a double bottom reversal. It broke out above two month base resistance at 26 on Friday and could reach 29 in the next few weeks.
09:37AM 10/17/11
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Celgene returned to the 2010 high near 66 in September and pulled back . It's been consolidating since that time in a six-point trading range near resistance and could break out soon.
08:13AM 10/10/11
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Walt Disney sold off to an 18-month low in August and bounced into early September. It tested the low about two weeks ago and bounced once again, but has failed to attract buying interest. It's now set up for a breakdown into the mid-20s.
08:15AM 10/03/11
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Directv (DTV) sold off from 53 to 41 in August and bounced up to 44. It's traded in a rectangle pattern for the last six weeks, holding three tests at support. This price action could mark the bottom, ahead of a recovery that reaches the upper 40s.
07:53AM 09/26/11
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Nvidia has pushed higher with the chip sector in recent weeks but has now hit strong resistance at the 200-day EMA. This barrier should set up a good short sale opportunity, with profit targets at unfilled gaps near 14.50 and 13.25.
08:18AM 09/19/11
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Cisco Systems broke out above two-month resistance last week, despite broad market weakness. It pulled back into the weekend, but could rally above 17 following September 13th analyst meetings.
07:42AM 09/12/11
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Hanson Beverage: One Minute Trade
Hanson Natural has held up better than the broad market in August and broke out an all-time high last week. It pulled back to test new support on Friday and could head into the 90s in coming weeks.
07:47AM 08/29/11
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TEMPE, ARIZ (TheStreet) -- Yahoo bounced sharply after hitting a 2-year low at 11.09. The recovery stalled at 13.69 and may have run its course, ahead of a continued downtrend that drops the stock into single digits.
07:59AM 08/22/11
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