I will have a break out scan tonight but here are a few bottom reversals worth watching for Monday and the coming days. My normal scan which came up with less than a handful of stocks for Thursday and Friday came up with nearly 100 which I had to sift through for today’s scan. To break it up, I will have a post later on with the consolidation patterns/breakout patterns and how I’m looking to play them.

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Take a look at the following Under the Radar Stocks, and I’d encourage readers to review previous post on charts to see how breakouts/breakdowns play out.

CNB  The Colonial BancGroup, Inc - watch for a $5.00 break. If you pull up a chart 1-2+ years you’ll see this has really been beaten down. If this breaks $5 it may begin a squeeze towards $6+. As you can see late May and early June consolidated around $6 for a few days before breaking below it. The squeeze can kick in on a $6 break since the probable resistance. (CNB)

EGI  Entree Gold Inc. Nice consolidation around $1.50 for the past 2 months, it double topped at $1.80 Friday - I’d be a buyer on dips if it holds Friday’s gains, and add on a $1.80 break. It may head straight towards $2.00 on the break. (EGI)

SGMO  Sangamo Biosciences Inc - Watching for dips, if it holds $9.50 this should be a good buy and a better buy once a squeeze starts over $10. (SGMO)

ZZ  Sealy Corp - I like this chart, the volume starting to kick around, this is one that can really gain some momentum and sustain for a few days once it begins to turn, first buy on the $6 break second buy on the $6.10 break in my opinion. (ZZ)

Tags: CNB, EGI, SGMO, ZZ

This entry was posted on Sunday, June 29th, 2008 at 4:30 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.