Heading back to this strategy the following have jumped on my radar:

Consolidation and potential breakout watch ANAD and DBTK

ANAD - has been holding all gains since its gap last week, looking for consolidation between $11-$11.50 with breakout/breakdown above/blow those areas. What does that mean? Breakout at $11.50 (on the break) and if it falls under $11, this may be a good short back down to $9.75-10 range.

DBTK - Simlar chart to ANAD, watching for the same pattern, $15 breakout and $14.50 breakdown.

Tags: ANAD, Breakout, Consolidation, DBTK

This entry was posted on Sunday, May 4th, 2008 at 11:35 pm and is filed under NASDAQ, Plays, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.