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Saturday, May 19, 2007 

Southwestern Energy - Breakout !!

Chart courtesy of stockcharts

SOUTHWESTERN ENERGY shares were up nearly 5% to 45.09$ breaking out an important resistance at 44$. SWN stock has been doing well this year, making new highs today makes a new one at 45.66$ followed by volume. Looking at the chart above stock broke out 44$ and reaching also a new 52 week year high, is now a stock in a Breakout Mode. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain tomorrow this movement. Keep SWN in your watchlist.

Chart courtesy of stockcharts

KCAP shares can be ready to breakout. Keep an eye on stock!!!

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 examples.

That's all. Have a nice evening !!!

AC

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14:23 | |

Monday, May 14, 2007 

Hot stock of today session - CRTX

Chart courtesy of stockcharts

Critical Therapeutics shares were up 61% or 1.01$ today closing at 2.66$ after the small drug developer received Food and Drug Administration approval for a respiratory treatment it will market with Dey LP, an affiliate of German drug maker Merck KGaA. Shares have traded between $1.44 and $4.79 over the past 52 weeks. Looking at the chart above stock broke out trough the resistance at 2.36$ with a phenomenal volume, a fast short covering. The stock may be reaching into overbought territory and ready to pullback some of the gains, but first we need to see when stock will stop ( see the resistances above mentioned in the chart ) to take some profits. MACD and RSI shows a strong buying pressure and a quiclky increase in the investor confidence. Stock came back again to Bull Market, with shares trading above 20,50,200 daily moving average.

Chart courtesy of stockcharts

Keep an eye on SVN for a possible breakout over 6,30$.

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 examples.

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

AC

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21:58 | |

Thursday, March 01, 2007 

SVN + 35% , JNPR dowtrend still intact

Chart courtesy of stockcharts

JNPR stock still trading in a downtrend, today 13dma cross below 50dma, another Bearish signal.

Chart courtesy of stockcharts

Shares of Sun-Times Media Group rose 35% TO 5.41$ after the company said it got a favorable review on a "foreign tax matter".

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 examples.

That's all. Have a nice evening !!!

AC

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21:29 | |

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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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