NEW YORK ( TheStreet) -- Every day, this market just continues to edge higher. There hasn't been a huge one-day move like what was witnessed to start December; just a crawl higher without relief.

The individual sectors are exhibiting the same patterns. Within those sectors though, some stocks are appreciating much faster than others. In many cases, large gains are witnessed in a matter of a just a few days.

One stock that may be preparing for another move like that is Axcelis Technologies, a small-cap technology firm that sports excellent margins, has a good stash of cash and is seeing continued expansion in the sales of its processing equipment used to fabricate semiconductors.

To start with, the stock is confirmed bullish on all three time frames as seen in the Trading Cube on the next page.

The Trading Cube is a snapshot view of the trend for a stock, its sector and the general market across all three time frames. This is a very strong stock with respect to trend.

Drilling down to the charts, on a long-term perspective, resistance doesn't show up until the $4.70 to $5 level. That leaves a lot of room for share price appreciation given yesterday's close at $3.58.

How soon might Axcelis attempt another run? If you look at the daily chart, it could come at any time.

On this time frame, you can see how the stock keeps building out floor after floor on the way up. A stair-stepped rise is always preferable from a longer term trading perspective. Stair-stepped gains can be maintained and expanded upon over time without huge whipsaw pullbacks. So far, this is what Axcelis keeps giving shareholders.

Given that the stock has been building out the current floor for five weeks now, a breakout of the current trading floor could come at any time. Yesterday, volume expanded once more as the stock pushed higher. I continue to add to my existing position on dips as a result.

Until next time, just keep trading the charts!
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At the time of publication, Little was long ACLS, though positions can change at any time.

L.A. Little, author, professional trader and money manager, writes daily on www.tatoday.com, a free educational site for traders and investors. He has been featured in numerous publications and is the author of Trade Like The Little Guy.

His background includes degrees in philosophy, computer science, computer information systems and telecommunications. With a trading philosophy centered on capital protection first and the accumulation of consistent gains over time, L.A. espouses a simplistic technical approach to trading the markets that is a throwback to the days of past. With a focus on swing points and the qualification of trends, L.A. provides a breath of fresh air to an otherwise crowded room of derivative indicators with the emphasis on technical minutiae.

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