Strong push

The markets had a strong day today with the Nasdaq once again leading the way. It looks like the markets are finally clearing the recent trading range which would allow for more aggressive swing trading. We are still in the late stages of the overall rally though, so caution is still in order. While market internals were strong today, there was still plenty of weakness in the oil patch keeping a lid on the large caps.


EZCORP, Inc. (Public, NASDAQ:EZPW)
EZPW is near all time highs and looks like it is finding support near the bottom of this triangle.


Riverbed Technology, Inc. (Public, NASDAQ:RVBD)
TraderMike highlighted RVBD tonight and this fits my trading style perfectly. The ideal entry would be a higher high followed by a retracement that dipped into todays candle allowing for a closer stop.


FortuNet, Inc. (Public, NASDAQ:FNET)
FNET is probably a little risky, but it may be putting in a bottom here.


UTStarcom, Inc. (Public, NASDAQ:UTSI)
UTSI looks like it is about to fall off a cliff. The indicators never made it anywhere near overbought levels before it turned back down and it is close to breaking below a horizontal trendline.

Good Luck,


DT