AMCN, JOBS, MOTR, RDWR Among Charts to Watch
Posted on October 26, 2010 at 13:35 PM EDT
There are a lot of good looking charts still out there.  AirMedia Group Inc. (AMCN) broke out at the end of September, pulled back and formed a little wedge, broke out of that, but then backed off again and then popped, only to back off for two more days on Thursday and Friday. On Monday it jumped 53 cents, or 8.5%, on 850,000 shares roughly. Our 8.00 target looks well within reach. Secondary target up around 9.25. 51job Inc. (JOBS) gave us a good swing trade from the 30 area to the 38-39 zone, and then backed off and consolidated for a few days, before popping.  It then it set into a week and a half bull flag, but popped 2.80, or 6 1/2%, Monday on big volume.  It looks like it’s headed for the 52 1/2 zone, the next trading target. Motricity, Inc. (MOTR) popped Monday after forming a nice little consolidation flag, edging along the moving average and holding the 10-day and the trendline.  It gapped up and ran 2.38, or 13.6%, on 1.36 million shares, the heaviest volume in a couple weeks. If we get a follow-through here, I’m looking for this stock to get in to the mid-20s, short-term trading target. Radware Ltd. (RDWR) had a significant day, jumping 2.52, or 7 1/2%, on the heaviest volume in about a month and a half. If it gets up through this line and gets a follow-through, I’m looking for a quick test of the 40 range, which would be my short-term target, but a break through that gets us up toward 44-45, my secondary target. Ixia (XXIA) gapped on Friday, and even though it backed off early Monday, it reversed and closed near the high for the day, up 27 cents. I expect that if the short-term channel is taken out, then it will accelerate. Target of 18 and then 21 short- and intermediate-term. Other stocks in our Charts of the Day video are Almaden Minerals Ltd. (AAU), Alliance Fiber Optic Products Inc. (AFOP), EasyLink Services International Corporation (ESIC), Focus Media Holding Ltd. (FMCN), Kandi Technologies Corp (KNDI), US Airways Group, Inc. (LCC), LDK Solar Co., Ltd. (LDK), Limelight Networks, Inc. (LLNW), LivePerson Inc. (LPSN), MIPS Technologies Inc. (MIPS), Rare Element Resources Ltd. (REE), RINO International Corporation (RINO), SIGA Technologies, Inc. (SIGA), Spreadtrum Communications Inc. (SPRD), and VisionChina Media Inc. (VISN), Ixia (XXIA). 
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