Sunday, April 22, 2007

Stock Ideas : April 22, 2007

MAC – FLAG Formation – BREAKOUT?
- MACD Above 0
- Decreasing Volume of Flag
- Target: 4.8
- This issue seems to have broken out of the flag formation currently at 4.15 price level.

EVER – FLAG/PENNANT – Continues to form the pennant (watch out for this stock)
- MACD Above 0
- RSI Close to Overbought
- Current: 0.14
- Breakout: 0.155
- Support: 0.125
- Potential: 30%

OM – Sym Triangle
- MACD Above 0 but Fast line below slow line
- RSI confirms consolidation
- Decreasing Volume
- Current: 0.19
- Support: 0.19
- Breakout: 0.20
- Potential: 30%

MAB – Sym Triangle (Possible Cup and Handle)
- MACD Moving above 0
- RSI confirms consolidation
- Decreasing Volume on handle (Triangle)
- Current: 0.034
- Support: 0.033
- Breakout: 0.036
- Target: 0.046
- Potential: 27%

EEI – Ascending Triangle
- MACD Moving above 0
- RSI confirms consolidation
- Nice decreasing volume
- Current 4.7
- Support: 4.65
- Breakout: 4.9
- Target: 5.7
- Potential: 16%

Removed from List

PLTL – Broke support at 6.9 – Removing from List

SM – Broke support at 360 – Removing from List

DGTL – False Breakout?
- The current price of DGTL seems to be moving along the new support line, since volume did not confirm the breakout the other day, I believe that this might just start to move sideways again.

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