VSCI broke through $5 Friday closing at $5.23, this was from our buying the breakout scan. Others from that scan include HDSN is also sitting at $2.50 (breakout level) and WMG will not give up trying to break $9.00.

SSBX Bounce Watch - $2.62 was Fridays low, if this breaks it may test towards the low $2’s. Watch for dips out of open Monday this may play towards $3.25-$3.50 on a bounce. Its highly likely it may want to test the $2.50s first.

GTXO under the radar breakout scan - chart is setting up nicely. Nothing really here to comment technicals wise since it appears fully controlled. Similar to KYUS and the past success of MXFD.

LGDI taking on a new life, this may gap over $4 probably $4.10-4.30 range.. this may have enough strength for a few more days if it can hold all of Fridays gains out of the open Monday… if it can’t hold $4.00 … see you at $3.25 (or lower)… fast. It does look rather powerful though, I’d like to see a parabolic before it corrects.. unless of course it has reason to support a $600 mil market cap here

AVR - Aventine Renewable Energy breaking out of its downward channel, on the $6 break this could squeeze huge.

Breakout Charts - All appear to have more upside but any abnormally large spike out of the open should be considered a short watch to take advantage of any over extension. All appear to be very well supported and might want to break out of current channels for good.

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RUTH - this can play up to around $9.00 before meeting any real resistance

RUTH mentioned here by Bob O’Brien always worth the read

NTWK - $3.00 automatic, just a waiting game

MOSY $5.50 break could bring some fireworks back towards the $6 range

TSYS - this may gap and grab, if it has any follow through could turn into a multi day runner towards $5.50-6 on a $5 break

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Tags: AVR, Bounce, Breakouts, GTXO, LGDI, MOSY, NTWK, RUTH, Shorts, SSBX, TSYS, VSCI

This entry was posted on Sunday, May 4th, 2008 at 11:47 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.