Stock Chart Analysis FCSX

FCStone Group, Inc. (Public, NASDAQ:FCSX)

FCSX has been forming a reverse head and shoulders chart pattern recently and looks like it is just above the neckline, which would validate the pattern as a bottom. It is close enough here that it could go either way. If it does clear the base, then the target takes it to it's all time highs, so it's worth paying attention here.

Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis AFSI

Amtrust Financial Services, Inc. (Public, NASDAQ:AFSI)

The insurance sector has been perking up lately and AFSI has the potential for being an outperformer if the sector breaks out. AFSI is pretty young, coming up on it 1st year of trading and it looks like it's first correction is about up. It is starting to set higher lows as buyers get more aggressive. It convincingly reclaimed the 50 day sma today and could challenge resistance overhead soon.

Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VSEA

Varian Semiconductor (Public, NASDAQ:VSEA)

Semiconductors have been pretty quiet lately, trading sideways while the general markets move higher. There is a chance that semi's may be ready to move higher soon and VSEA should be one of the leaders. It is just under all time highs and has been consolidating in an orderly fashion. I would look for it to successfully clear the $54 area before I got too excited though.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis CRDC

Cardica, Inc. (Public, NASDAQ:CRDC)

CRDC had a huge breakout in the beginning of September moving over 100% in one day. It has been consolidating that move while possibly forming a bull pennant chart pattern. It looks like it may be starting to gain some momentum again and could be headed to new highs. Bull Pennants are the best performing chart pattern according to Thomas Bulkowski who has studied chart patterns exhaustively.




Good Trading,


Joey

for more analysis, check out downtowntrader.com