Monday, May 12, 2008
Stocks to Watch for Monday
On the DJIA and Russell 2000 buying occurred on Friday near the 30 DMA. On the S&P the buying occurred near the 20 DMA and on the Nasdaq the buying occurred above the 20 DMA. Watch for sustained buying and a potential support bounce going into the new week on Monday.
These stocks had chart patterns worth watching on Monday:
Potential Breakouts
FWLT, NOV, NVDA, CNX
Potential Support Bounces
BIDU, ESI, JASO, MA, MICC, NUE, V
A change in my travel schedule interfered with posting this sooner.
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