Hey Folks, Phoenix is cooling down this weekend as we come down in 80 degrees (compared to 110+ like few weeks ago), so very nice weather outside and off-course nice to enjoy the weekend. Well, before I get too busy with the family, I got some time this morning to go thru the scans and here are some names that I will be watching this week:
$AREX - Watching that resistance area around $27.65 as it might get a nice pop there
$BBG - Like the strength in this name after it held 200MA and then bounce back over 20/50MAs. Looking for continuation and a breakout over $24.25. It may take some time though.
$EXAS - It nicely broke out from that channel and with convincing volume. I am now expecting it to attack $14.70 which is its next resistance level.
$HGT - Look at the volume and importantly, it held almost all its Friday gains. Watching for continuation and a breakout over the trend line.
$MRVL - Old alert, still working on that resistance around $12.10
$SPN - We can say double bottom support held and looking to go back up. It closed just over the trend line, so watching for continuation over $28.04
$SYRG - May be, now is the time that this goes over $7.80. Indicators showing strength and it just needs volume to push it thru.
$WCRX - Taking its own sweet time but I am not is rush either. Old alert, back on watch.
$XOMA - After it made a big move, it has been flagging and holding its gains. Also, notice how it is making a higher low. May be, it has more in it.
$ZOLT - Like the expanding volume. It got rejected @ $14.43 on Friday. Adding to watch to see if it tries again and breaks out. It may need some time.
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