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Tuesday, August 07, 2007 

Trade Ideas - Gateway , ARTC , EBAY, WYNN

Chart courtesy of stockcharts

Stock will be in focus today after strong results, and it is expected to open gap up and breakout the resistance at $107.98. Keep an eye on WYNN.

Chart courtesy of stockcharts

ARTC has broken out to all time highs. The chart looks really bullish.

Chart courtesy of stockcharts

Yesterday was ugly again for Gateway shareholders. Share price fell about $0.08 to a new historic low level, it's really amazing this poor performace. Looking at the chart we can see the sharp decline that stock has had. In this environment, it's difficult to predict the bottom for share price, however the support is now at $1.13.

Chart courtesy of stockcharts

Bullish MACD crossover - MACD K line crossover D line, a Bullish sign. EBAY breakout an important resistance at $34.50. Stock is now in a Bullish tone and ready to reach new high levels.

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 43 year old Independent Trader using proprietary technical analysis with more than 18 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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