APKT, FAZ, HAS, VXX Stock Charts to Watch
02/08/10 – www.TheTechTrader.com – Acme Packet (APKT), which has been acting great, and even though it moved only a fraction today, .08 or .59% on 1.3 million shares taking it up to 13.69 at closing, it looks like it could be a 16.25 stock short-term, secondary target up around 20.00. Financial Bear 3X (FAZ), which turned around in January, closed at 21.81 today, up 1.14 or 5.53% on nearly 81 million shares today. This stock may have some difficulty getting through the 24.00-24.50 zone, which is the short-term trading target, but if it does, you may see this one soar. Hasbro (HAS) had a tremendous day today. Up 3.91 or 12.69% on nearly 11.5 million shares taking it up to 34.71. The explosion today was an impressive one, especially in the face of a declining market, and it would not be unrealistic to think that this stock may get up to the high 30′s, low 40′s to test the Aug, Sept, Oct ’08 highs. iPath S&P 500 VX Short-Term Futures (VXX), which is the ETF for the VIX, was up .66 or 2.02% on 5.6 million shares today, closing right at the declining 50-day moving average at 33.31. A break through today’s high could lead this one to 37-38 short-term and beyond that, maybe something in the low 40′s. Other stocks on Harry’s Chart of the Day are some really good ones that you’ll want to learn more about. They are Accuray (ARAY), Large Cap Bear 3X (BGZ), China Agritech (CAGC), Conexant Systems (CNXT), Emerging Markets Bear 3X (EDZ), Integrated Silicon Solution (ISSI), Key Tronic …
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