Stock Chart Analysis LOGI

Logitech International SA (USA) (Public, NASDAQ:LOGI)

LOGI has been consolidating bullishly for the past two months after a huge breakaway gap. The breakaway gap followed a year long consolidation and it looks like this gap may not get filled. LOGI is just starting to turn higher off the 20 day sma and it may be ready to breakout to new highs. Breaking the trend line marking the most recent pivot highs would be the first objective on it's way to the breakout. Stochastics is also starting to turn up as well.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GEOY

GeoEye Inc. (Public, NASDAQ:GEOY)

GEOY had a high volume breakout in October and has rose steadily for almost two months. It has pulled back to it's rising 50 day sma. The bollinger bands are contracting as the stock becomes oversold, which could be a recipe for an upcoming impulsive move up. If the markets show some strength the next few days, then GEOY could have enough strength to clear the downtrend line shown and then test the recent highs over 34.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BNT

Bentley Pharmaceuticals, Inc. (Public, NYSE:BNT)

I'm gonna mix things up a bit tonight and show a weekly chart instead of a daily one. While I look at weekly charts of every stock I watch, I rarely post them. My success rate is much better when the weekly and daily charts line up with a trade signal. In this case, BNT looks pretty good on the daily chart closing positively in a weak market today, and holding above it's 20 and 50 day moving averages. It looks close to making new 52 week highs, and the weekly chart shows that it may of already cleared a reverse head and shoulder bottom. The right shoulder is not perfect, but it does show a clear picture of bulls rejecting single digit prices. I think the volume pattern is a little weak here, but the price action looks positive. There is a decent chance that if BNT gets over 14, it may follow suit and test it's two year high in the low 20's.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis HOLX

Hologic, Inc. (Public, NASDAQ:HOLX)

HOLX held up pretty well in a weak day Friday. It just hit new all time highs a few weeks ago and the subsequent pullback has been rather tame. It looks like it's in a well defined trading range and it's worth watching to see if it can break through the range soon. If the markets show strength in the next day or two, it may even be worth entering a little early if it can clear $66. A successful breakout would have an estimated target of $77. Of course, the general markets will probably have to cooperate.


Good Trading,


Joey

for more analysis, check out downtowntrader.com