Sunday, December 26, 2010


Here are a few stocks I like heading into next week. My view on the overall market remains the same as last week, so I won't go into that again. Here is the link to that post.

BSX - Test of support at 7.50 after breaking out. Suitable for entry only above Friday's highs. Stop below 7.50.

GNTX - Consolidating nicely, on low volume, after a breakout. Watch out for volume coming in and a move over 30.

ISPH - Broke out of a multi month continuation pattern earlier this month. Impressive volume on Friday. Watch out for a break of 8.75. A stop below Friday's lows i.e. 8.40 should do the trick.

KKD - Broke out nicely after consolidation but then went down on an analyst downgrade. If you look at the 1 min intraday chart for Friday, it consolidated rather well at 7.25 and then moved higher on good volume.This is not the kind of play I usually go for but like it with a stop below 7.25.

PDS - The close above 9.75 on Friday was important. Would like to see volume come in here for a possible test of 10.

Take care and good luck!

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