Thursday, May 15, 2008

Stocks to Watch

Recap of New Picks and Analysis of Old
LVS - las vegas corp. closed above 50DMA on daily chart. Wait for Friday towards end of day to reach above 77.00

GU - 52wk high. 3 days of heavy above avg volume. OBV all time high. Daily RSI = 68. Good entry point here.

GLBL - Watch for resistance at 200DMA 21.15 on daily. Break above that is good. Wait for daily RSI > 68. Also wait for weekly close above 19.67.

MRB - wait for daily OBV to cross all time high and rsi > 68.

PBR - looks great for a long term investment. RSI on weekly = 69, OBV all time high, price all time high. Daily waiting for RSI confirmation. This is not a short term burst play.

MA - looks like setting up for a great 4th week breakout next week, consolidated well this and last week. Weekly RSI is 78. Daily shows that OBV did not change much even as price consolidates and coils. RSI = 67.5. Next week could be good.

PNSN - having a good breakout week but can't consider since in its history (weekly) RSI has never been > 68 during breakout

GEOI - looks good. watch for breakout on daily above 22.73

AAPL - looks like coiling on the weekly with a potential to let loose steam, although RSI is closing in on 68 and OBV closing in on all time high. Could it break through? Some great conferences coming up... Daily shows 50DMA crossing 200DMA. Volume somewhat small still.

ADSK - Daily RSI just crossed 68. Watch for resistance at 200DMA = 42.64. Breakout over this is a buy signal. Wait for increased VOLUME! Not showing much above avg!







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