NSM, RPRX, DBD, TRLG Among Charts to Watch
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There’s a lot to cover here because there are some many stocks that look good on the long side. We haven’t gone over the Boxer Shorts in several days, so we’ll be covering some of those here as well.
Nationstar Mortgage Holdings Inc. (NSM) has a fantastic chart. In the course of the last several months, it’s gone from 13 to 30, stair-stepping its way higher. The technicals appear to be good, and there’s no reason this stock can’t continue and move up into the high 30’s.
Repros Therapeutics Inc. (RPRX), one of our favorites this year, took this stock from 4.00 to nearly 10.00, formed a large coil over the following couple months narrowing at the apex. It broke out in a 4-5-day run, and then formed a little wedge above resistance that became support. At that point, in a low-volume ebb, it exploded, ran up sharply, and formed a rising flag pattern. It appears to have the potential to really take off. Keep an eye on this one. There’s resistance at 16, and then the 18 zone.
On the Short Side …
Diebold, Incorporated (DBD) has a topping pattern. It had a break down, another sharp break, and a bear wedge. If it rolls over right where the triple resistance is, it could see 28 1/2 very soon.
True Religion Apparel Inc. (TRLG) has quite an interesting pattern. It cracked, bear wedged, and is beginning to look like it’s about to roll over. Watch this one, it’s about to break at 22 tomorrow.
Other stocks in our Charts for the Day are ACADIA Pharmaceuticals Inc. (ACAD), Achillion Pharmaceuticals, Inc. (ACHN), BroadVision, Inc. (BVSN), Celsion Corp. (CLSN), DUSA Pharmaceuticals Inc. (DUSA), 8x8 Inc. (EGHT), Green Mountain Coffee Roasters Inc. (GMCR), Genco Shipping & Trading Ltd. (GNK), Orexigen Therapeutics, Inc. (OREX), Peregrine Pharmaceuticals Inc. (PPHM), Sprint Nextel Corp. (S), Smart Balance, Inc (SMBL), Ixia (XXIA), Zogenix, Inc. (ZGNX).
Stocks on the short side include Acacia Research Corporation (ACTG), Big Lots Inc. (BIG), CEC Entertainment Inc. (CEC), CEVA Inc. (CEVA), The Chefs' Warehouse, Inc. (CHEF), Con-way Inc. (CNW), CARBO Ceramics Inc. (CRR), Diebold, Innophos Holdings Inc (IPHS), Lincoln Electric Holdings Inc. (LECO), Nike Inc. (NKE), Raven Industries Inc. (RAVN), and TripAdvisor Inc. (TRIP).
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