As promised, here is a chart on STEM which explains my purchase decision in more detail:
STEM also has increasing OBV. Many technical indicators are in agreement with this stock, not to mention the nice volume spike today. Plus the 15-minute chart has given me a low risk stoploss at around 2.87.
I ran my custom, cooked up MSN moneycentral scan of stocks near their 52-wk highs. Most of them looked like they were in the process of rolling over. However, a couple of them looked interesting. First one is TGT, which looks like a short candidate, esp. if there is a market wide pullback next week:
The next one is AVCT (long candidate):
Last one is NVEC (very short term candidate):
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Saturday, October 28, 2006
Interesting Charts for Next Week
Posted by Phileo at 12:22 AM PermaLink This!
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