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Tuesday, August 07, 2007 

Top picks - NCST, CROX , ILMN

Chart courtesy of stockcharts

This stock has been is on a remarkable run since March and it doesn’t look like the trend will change soon. Today stock broke out again the major resistance. ILMN looks to go higher here.

Chart courtesy of stockcharts

Yesterday stock filled the Gap. Today stock found a support at 13 dma and it has moved quickly to $57.50. So, keep CROX in your watchlist for a possible breakout over $61.35.

Chart courtesy of stockcharts

NUCRYST Pharmaceuticals shares were up more than 10% to $3.01 today recovering some of the recent losses. Last candle show a Bullish Engulfing Pattern, and is a major bottom reversal signal pinpointing a trend change from bearish to bullish, however stock must confirm this movement tomorrow to believe in this scenario.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

That's All. Have a great evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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