Stock Ideas : May 2, 2007

MAB – Sym Triangle (Possible Cup and Handle) – Breakout!
- MACD Moving above 0 / Fast line crossed to indicate bullish behavior
- RSI confirms consolidation
- Decreasing Volume on handle (Triangle)
- Current: 0.039
- Support: 0.033
- Breakout: 0.036
- Target: 0.046
- Potential: 27%

Note: Current price is at 0.039 which is a point of resistance from previous high as well as at 0.040; I advise is to buy close to 0.036, or when it breaks 0.040.

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%

BPC - Ascending Triangle
- MACD Moving above 0 and fast line is over blue
- RSI confirms consolidation
- Current: 3.8
- Support: 3.6
- Breakout/Resistance: 3.85
- Target: 4.8
- Potential: 33%

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%

Removed from List

MAC – FLAG Formation
- After the breakout, MAC is starting to travel back to it’s new support at 4.0
- Decided to sell this stock and take profits already
- Observe cut-loss when support at 4.0 is broken

EVER – FLAG/PENNANT
- Seems to be forming a triangle instead of a flag
- Removing for now but will continue to observe