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BSQR, FNSR, MCP, TWER -- Stock Charts -- Harry Boxer, TheTechTrader.com

Duration: 06:39

Harry Boxer - TheTechTrader

Harry Boxer - TheTechTrader

Published on 16 December 2010


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12/15/10 - The market, despite its showing some cracks in the last couple days, and having sell-offs the last three sessions that have taken the indices down. The last couple days before today, they snapped back and closed on the positive side session, but today they were not able to do so and ended up on the negative side, and may be showing some signs of deterioration. However, we've got a lot of stocks that are acting well and are doing well and we'll keep monitoring some of them for you. http://www.thetechtrader.com

BSQUARE Corp. (BSQR) continues to amaze, and after pausing for the last several days, and wedging, or coiling, at this 6.95 zone, it exploded through that 7.00 area and ran all the way up to 8.19 before backing off to 7.97. Still up 1.03 today, almost 15%, on the heaviest volume of 827,000 shares that we've seen in this stock in a year and a half. So, where upside may be doable, my secondary target up around 9.15-20 zone, may be what we'll be seeing short-term on BSQR, but certainly it's extended here. It's moved up from the 4.00 area up towards the 8.00 area in the last month or so. http://www.thetechtrader.com

Finisar Corp. (FNSR), after breaking out of this big coiling wedge early December, running up for couple days and then flagging for four days, has been moving up steadily. Yesterday backed off a tad but came on strong, up 1.90, or 7 1/2%, on 6 1/2 million shares, and that's the second heaviest volume in a month. It looks to me like this one may be headed for the 32 - 33 zone, our short-term trading target for Finisar. http://www.thetechtrader.com

Molycorp, Inc. (MCP), the rare earth stock and one of the leaders in that group, after consolidating for six weeks, popped two days ago, backed off, and had an inside day yesterday. Today accelerated back up, 3.21, or 91/2%. 5.7 shares traded. That's the third heaviest volume in the last several weeks, and with the OBV, Money Stream, and Balance of Power all moving up, this could very well test 40 as early as Thursday. Any move through that and we could see this stock spiking up into the mid 40s or better. http://www.thetechtrader.com

TowerStream Corporation (TWER) today spiked up 27 cents, or 8 3/4%, on 781,000 shares, breaking out of this 6-week consolidation, and testing the early November highs. A break through here and we can see this stock run up toward the 4 3/4 -- 5 range, our next trading target. http://www.thetechtrader.com

Other stocks in our Charts of the Day video are Akorn Inc. (AKRX), Amarin Corporation plc (AMRN), EDAP TMS SA (EDAP), Exelixis, Inc. (EXEL), IDT Corporation (IDT), Local.com Corp. (LOCM), LivePerson Inc. (LPSN), China Shen Zhou Mining & Resources, Inc. (SHZ), Sigma Designs, Inc. (SIGM), Synta Pharmaceuticals Corp. (SNTA). http://www.thetechtrader.com

Chart Info: Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and intermediate-term stock picks. http://www.thetechtrader.com



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