Here are three stocks I've been watching lately, with bullish charts.
STEC
I have been stalking for a while, waiting for the consolidation to play out. STEC(STEC) has one of the strongest bullish charts I've seen lately, with two big gaps higher and a move into higher ground. The stock seems to have lost gravity, not unlike Tasr(TASR) in past years. This one looks good for another leg higher.
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Network Appliance
After losing out to EMC(EMC) on an offer for Data Doman(DDUP), NTAP has seen some really good call action today as it approaches the $20 level. This one has been consolidating but looks like it could be breaking free of that number soon. Rumors abound on the stock for takeovers (Hewlett-Packard(HPQ) and IBM(IBM) are two mentioned. The call action is quite strong today, this could very well move higher soon.
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Netflix
Netflix(NFLX) has been a star performer in 2009, and today's action is noteworthy. The volume in options has picked up as the stock approaches the tough 42.5 level. There are some rumors out there including Amazon(AMZN), but regardless, this stock should excel if it can close over that $42.50 level over the next few days. The action is quite bullish and what you want to see from market leadership. Tech is strong today, too. Follow-through is always key!
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
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167.14
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