This still looks pretty good on the daily chart with volume expanding as it moves higher. Coffee Holding Co., Inc. (NASDAQ:JVA) continues to look bullish and had a decent day yesterday. The stock hit a high of $30.98, which is resistance for the next upside move. I’m buyer of JVA once it breaks through this high and i expect to see heavy buying drive the stock higher.
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XenoPort, Inc. (NASDAQ:XNPT) is facing a period of sideways action while it consolidates the gains booked in the past sessions. The stock will face short to medium term resistance at $7.75. Once this level is crossed with good volumes, the stock can go to $8.51.
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The PMI Group, Inc. (NYSE:PMI) – Resting here and holding up well after a strong run. Buy at the break of $1.56 and target $1.85. Stop below $1.202.
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Novatel Wireless, Inc. (NASDAQ:NVTL) – Solid bounce yesterday off 50dma. This stock needs to hold this level this week. I have a good feeling it will. NVTL is starting to show signs of acumulation with high volume on upside days and low on downside days.
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