Stock Chart Analysis SXE

Stanley, Inc. (Public, NYSE:SXE)

SXE is a recently listed company with only a year and a half of public trading. It's been a good performer since inception with over a 100% move from IPO to all time high. It entered into a correction late last year along with the markets and may be ready to resume the prior trend at a point where the markets may help the ascent. It cleared the down trend channel it was following and is currently trading in a tight range which should lead to an impulse move once it's cleared. Of course it could head lower so longer term traders may prefer to wait for a close above $30.50 or so.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis INFA

Informatica Corporation (Public, NASDAQ:INFA)

INFA's chart is one of those that doesn't look all that organized and it doesn't lend itself to pretty trend lines and diagrams but it still looks bullish to me. It recently tagged a new 52 week high and then began a pullback. It has been bumping it's head up against a declining 20 day sma, but was able to close above it today. It looks like it's setting up for a retest of the 52 week high and possibly new highs.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis DHI

D.R. Horton, Inc. (Public, NYSE:DHI)

I've been feeling a little bullish towards homebuilders for the past few weeks as they traded sideways while the markets extended their losses. While I wrote about BZH most recently, DHI is also looking like it may move higher as well. It has held well above the early January lows and although it's been volatile, it is trading in an organized manner. The recent trading range may be a continuation base which combined with the recent higher high and low, could signal the beginning of an uptrend. Homebuilders are still toxic in the media, and bad news is still on the way, but unlike financials, the charts are pointing to a possible bottom on them.




Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BMRN

BioMarin Pharmaceutical Inc. (Public, NASDAQ:BMRN)

While I'm thinking the markets may be higher the next few days after three down days in a row to close out the week, BMRN looks like a good enough short setup to mention anyways. Often, when a stock breaks down from a chart pattern, moving average support, or some other form of support, it trades back up to the point of the breakdown before rolling back over. BMRN has closed weakly three days in a row as it trades up against resistance and while this is still a bullish looking chart on longer timeframes, it looks like there is more room on the downside as it corrects. It may even trade down into the previous breakout area or 200 sma which would provide a very nice target. I would set a stop around the 36.50 area with a target near 31.



Good Trading,


Joey

for more analysis, check out downtowntrader.com