KUTV, BVSN, CIE, CCOI Among Charts to Watch
Posted on January 17, 2012 at 23:18 PM EST
Ku6 Media Co., Ltd. (KUTV) jumped 1.92, or 139%, on 4.4 million shares, on Tuesday, which is huge for that stock. It had a big downtrend that went from the 8 1/2 level all the way down to under 1.00, broke with a thrust to the upside, and formed a little flag. Last week it edged higher, and closed just above that line. Tuesday, it gapped up to about 2.00, and then popped to 4.04, and backed off to 3.30. On the longer-term chart, there is a double-top, which very well may be the target, up around 8 1/2, 4 1/2 - 5 short-term. BroadVision, Inc. (BVSN) has gone from 10 1/2 to 23 in the last week and a half. Tuesday, it was up 4.19 to 21.75, or 24%, on 793,000 shares, which is big volume for this stock. It’s overbought, but has good momentum, and is very strong here. It may very well see high levels before it’s over. Cobalt International Energy, Inc. (CIE) has a beautiful head-and-shoulder formation. It had a long run, flagged for a week and a half, and is now running again. Tuesday, it was up 51 cents to 10.31, or 5.2%. It’s not certain as to where this stock is going, but it’s in all-time high territory. This could be a 25 - 30 stock eventually. Cogent Communications Group, In (CCOI) broke out on Tuesday, and we put a swing trade on it. It was up 81 cents to 18.74, or 4 1/2%. Overhead resistance was broken on it, so look for a pop to the low- to mid-20’s. Other stocks in our Charts for the Day are Energy Conversion Devices, Inc. (ENER), STEVIA CORP (STEV), Celldex Therapeutics, Inc (CLDX), RAM Energy Resources, Inc. (RAM), Amicus Therapeutics, Inc. (FOLD), Hollysys Automation Technologies, Ltd (HOLI), China Ming Yang Wind Power Group Limited (MY), Yingli Green Energy Holding Co. Ltd. (YGE), VOXX International Corporation (VOXX), TAAR Surgical Company (STAA), Halozyme Therapeutics, Inc. (HALO), Zhongpin, Inc. (HOGS), Exact Sciences Corporation (EXAS).