Here are some stocks of interest to me for next week.
LSTR showing a flag pattern with its fast EMAs recovering above the 200day average. The downside seems to have support around the 20-day EMA or the $45.50 area while overhead resistance gives price some room to run up. It's out of extreme overbought conditions and Friday's trading left it as an inside candle from the previous day.CELG; had a nice steady uptrend since the previous sell-off and is now facing resistance at the 200EMA. The stochastic is ticking up into overbought conditions again and there's slight divergence between price, MACD and stochastics. If nothing else this stock could provide channel scalping plays.
UAUA; the long-term horizon on this chart shows the majority of price below the $41 pivot area. Last week the stock attempted a broad move up and was turned back hard from that pivot resistance. It has since slowly retraced. The only technical problems being slight overbought conditions and the fast moving averages being below the 200-day. If it breaks that $41 pivot it could get a pop, otherwise it could get sold back into the $37's.
WYNN; has had a steady retracement from the previous sell-off where it's now at the 38.2% recovery level. Price is showing weakness with an extreme overbought level and a bearish harami doji formation. Resistance is at the $123 level.
Saturday, February 09, 2008
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