Monday, May 20, 2013

USO - Potential breakout?


USO seems ready to breakout of the tight range it has been for over 9months now. Close above the wedge would also mean breaking out of the Inverse H&S pattern that is almost complete now. Breakout over $35 could take it all the way to $42.



OIH seems to be supporting this breakout as well.


Thursday, May 9, 2013

Watchlist for 5/10/2013



SBGI - Nice bull flag. Tried to b/o today. Buy into strength and volume. Stops below 20sma.






YELP -  Breakout over 31



RLD - Need some volume. B/o over 15.20



LOCK - B/o over 10.05



OCN - Parabolic short with stop at 42.50.


UNXL - Breakdown below 33


UAL - Toppy