Sunday, July 25, 2010

Potential Plays for July 26

Here are a few stocks I am watching for Monday July 26.  There are currently alot of charts that are looking good for further upside and I'll possibly post a few more before monday.

BIDU (Baidu) - This was a good mover on friday and is currently in a breakout area.  The stock has held up very well during the recent downturn and should see higher prices from here once it clears 78.50 area:



MPG - Closed at the 50SMA on Friday and has formed a wedge during the last few months.  If the Market continues higher next week, we could possibly see a break through the 50SMA and the descending trendline.  Will be watching this one on Monday!


APKT - Watching this one for break of upper channel.  If fails, should find support on the lower channel for a trade as well.



NXTM - Have traded this one a few times and was expecting this breakout but did not hold into earnings.  Closed on friday at all time highs and Its only higher from here in my opinion.

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