Eleven Stocks That Could Be Ready to Run

TNS

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Source: TeleChart Gold

TNS has broken out on huge volume, and if I can get a low-volume pullback to the pivot point area or the 50 DMA, I would like to get long.

Greif Brothers

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Source: TeleChart Gold

If GEF-B can break out to a new 11-month high, on very strong volume, I would like to get long this stock.

Integral Systems

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Source: TeleChart Gold

If ISYS can pull back to the pivot point area or the 50 DMA on low volume and then bounce on strong volume, I would like to get long.

Perrigo

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Source: TeleChart Gold

PRGO is an extremely bullish stock with excellent price and volume action. If it can pull back on low volume to the 50 DMA and bounce on stronger volume, I would like to get long.

Martek

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Source: TeleChart Gold

If MATK can spend a couple to a few more weeks moving sideways and then bounce off the 50 DMA and breakout to a new 52-week high, on very strong volume, I would love to get long.

Micros Systems

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Source: TeleChart Gold

This is one of my favorite stocks on the basis of fundamentals and technicals. If MCRS can pull back on low volume to the 50 DMA in a nice orderly fashion and then bounce on very strong volume, I would love to get long.

New Market

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Source: TeleChart Gold

If NEU can pull back to the 50 DMA on low volume and keep that BOP green to max green (the colorful indicator at the bottom), I would love to add to my existing long position.

FTI Consulting

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Source: TeleChart Gold

Sadly, I was shaken out in February from my FCN long that was purchased on July 9, 2007. If I can get a pullback on low volume to the 50 DMA and then get a heavy volume bounce off of it, I would like to get long again.

After I go long, if any of these stocks reverse, I will cut my loss with a close below the 50-day moving average. These are all very nice technical patterns, but few look like the nice round price chart patterns that accompanied so many great leaders when the rally took off in March 2003.

So far, everything is OK, but remember, until we get more volume on the upside in the general market indices, we are still setting ourselves up for a potential failure. Too bad that when that time comes, too many will have been sucked in and will suffer the consequences of not watching volume.

Aloha.

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At time of publication, Hayes was long NEU.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider OME, TITN, TNS, GEF and ISYS to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

Joshua "MauiTrader" Hayes is CEO, president and founder of Big Wave Trading LLC, a Maui, Hawaii-based stock market advisory service. Hayes also runs BigWaveTrading.com, an online stock market commentary and stock selection service for short- and intermediate-term investment strategies using CANSLIM and other strategies. Under no circumstances does the information in this commentary represent a recommendation to buy or sell stocks. Hayes appreciates your feedback; click here to send him an email.