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Saturday, April 14, 2007 

OCN , MWV , LPL , VRGY - Break out !!!

Chart courtesy of stockchart

Next week keep an eye on VRGY after be broken the resistance at 25.87$.

Chart courtesy of stockchart

This stock is in a Breakout mode after be broken the resistance at 18.78$ .

Chart courtesy of stockchart

Shares of MWV rose nearly 1% breaking an important resistance at 32.50$. I expect some continued stength in the coming days after today movement, remenber that this movement was followed by volume as show the chart, but let see if Monday stock confirm. Keep an eye on MWV.

Chart courtesy of stockchart

Next week keep an eye on VTIV " INVENTIV HEALTH for a possible breakout over 39.09$.

Chart courtesy of stockchart

Shares of OCN was up 0.80$ or 6% to 13.60$ after an upgrade given by Piper Jaffray from Market Perform to Outperform. Looking at the chart stock broke out an important resistance at 13.25$ followed by a strong volume, in my opinion OCN will test 200 dma soon at 14.40$.

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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  • 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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