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May 18, 2005
Notable Charts
This is a list of notable charts. Click the “continue reading” link below to view the charts.
ABS consolidated and then moved above resistance with high volume.
CMGI failed to hold the March jump and is once again bouncing off support with a big move on good volume.
DLP found support at 25 for the four time and moved higher on expanding volume.
HANS remains in a clear uptrend, but there were four days of high volume selling pressure and this stock is way overextended.
INFA formed a long triangle and upside volume is looking fairly strong.
NSIT Mark Cuban's pick shows a classic retracement and rounding bottom - upside volume is low though.
PCLN has a large (bearish) rising wedge working since May-04 and recently gapped below support at 24.
SCUR got a high volume bounce in early April and then formed a falling flag - watch for a move aboe 10 to signal a continuaiton higher.
SLB returned to a support zone around 65 and firmed after a high volume decline last week.
TLAB surged above resistance in mid April and then formed a flag/pennant - watch for a move above 8.1 to signal a continuaiton higher
WSM found support near broken resistance and surged on pretty good volume yesterday.










Posted by Arthur B. Hill at May 18, 2005 09:04 AM