CAB, FAZ, SOHU, WLT – Stock Charts
05/04/10 – http:/www.TheTechTrader.com – Cabela’s Inc. (CAB), a sporting goods chain, had a big day as well jumped 2.32 or 12.2% on 4 million shares. Thats the biggest volume this year and thats the biggest volume since December when this stock popped. The price moving today sets a new 21/2 year high and brings in a target around the mid-20s, then the high 20s; 28.50 – 9. Direxion Daily Financial Bear 3x (FAZ) had another good day, up 87 cents or 7 1/2%. This stock appears to be really tested. If we can get a follow-through can may see this stock spike up towards the 13.75 level, short-term target, secondary target up around 15. Sohu.com Inc. (SOHU) has been in a beautiful down channel for the last seven or eight months. Broke down through a rising channel bottom and began to accelerate, down 2.18 or 4 1/2%. Short-term target near 40. Secondary target beneath that 35-36. Walter Energy, Inc. (WLT), is continuing its rapid decent from the high 90s down in to the mid-70s just in the last week. Today it accerlerated down 5.09 or 6% and cracking through key support over the last couple days. Next target is down around 71-71 followed by a secondary target around 64-65. Stocks highlighted on the long side are Akorn Inc. (AKRX), Direxion Daily Large Cap Bear 3x (BGZ), Biodel Inc. (BIOD), CombinatoRx, Incorporated (CRXX), Direxion Daily Emerging Markets Bear 3x (EDZ), Corporate Executive Board Co. (EXBD), Isilon Systems, Inc. (ISLN), Misonix Inc. (MSON), Spreadtrum Communications …
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