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Weekend Charts
By: Scott Johnson   Monday, August 18, 2008 12:43 AM

Vote for next session
The next market session will close:

I will be playing it slow on Monday, but here are some charts that caught my eye:

- ILMN: I will look to start buying on a move over Friday's high.



- KEX: Surged on heavy volume after earnings, then dropped back to support on lighter volume. Friday KEX bounced over the 50 day moving average on increasing volume. This looks like a good entry long.



- ULTI: Approaching the 200 day moving average after a big drop on earnings. Looking for a good short entry near this price.



- RICK: Saw an early Friday spike on earnings, but then pulled back and had nothing for the rest of the day. I'm already short this one.



- URBN: Big volume spike on Friday. I'll be buying on a breakout with volume.



- WXS: Just under a trendline and the 200 day moving average. This looks like a good short entry with a stop over Friday's high.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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