Weekly Watchlist

Here are a few charts that I am adding to my watchlist.

Cyberonics, Inc. (Public, NASDAQ:CYBX)
CYBX had a clear break of the down trendline and is pulling back to the lower band. Watch for any signs of support here.

CV Therapeutics, Inc. (Public, NASDAQ:CVTX)
CVTX is trading in a nice handle here and may be setting up for a run to the 200sma.

Books-A-Million, Inc. (Public, NASDAQ:BAMM)
BAMM is in what could be considered a cup and high handle base. It looks like it wants to move higher, but conservative traders may want to wait for it to clear the resistance line.

Champion Enterprises, Inc. (Public, NYSE:CHB)
CHB may be finding support here at the 20sma and rising trendline.

Ansoft Corporation (Public, NASDAQ:ANST)
ANST has pulled back to the previous breakout area and may find support here. Look at how a hammer from 7 bars ago was confirmed by another strong candle on Friday.

DXP Enterprises, Inc. (Public, NASDAQ:DXPE)
DXPE has been holding the 50sma since they reported earnings and may be turning around.

Google Inc. (Public, NASDAQ:GOOG)
GOOG has been trading a pretty tight pennant and may be gearing for a run to all time highs.

Imperial Industries, Inc. (Public, NASDAQ:IPII)
IPII has had a rough time the past few months falling from the 29s to the 10's, but it may be bottoming out here. There is a nice MACD divergence here and it looks like they are bouncing off the lower band.

NVE Corporation (Public, NASDAQ:NVEC)
NVEC is back to test the breakout area and may find support near the 20sma.

Ocwen Financial Corp. (Public, NYSE:OCN)
OCN is kind of in no mans land here in the middle of the triangle, but the lower band is rising and it may give OCN support to break upper resistance.

Tecumseh Products Company (Public, NASDAQ:TECUA)
TECUA cleared the down trendline and is back to test for support. They had a strong candle on Friday and may follow through this week.

Another sector that looked good to me was the homebuilders, although maybe just for a one or two day move. It looks like maybe just a corrective move up, but it almost look certain the they will be higher for the next few days.

Good Luck,


DT