Research In Motion Limited (NASDAQ:RIMM) produced a strong bullish breakout with Friday’s 4.66% gain. The stock broke out from a pennant pattern with a very large volume and closed above its recent highs. I’m suggesting long positions now or on a dip back toward the $8.83-9 zone. I have two targets. My first target is $9.57 and the second target is 10.23 ( its simple 200-dma ). I tweeted the breakout.
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Chemtura Corporation (NYSE:CHMT) broke out to new highs for the year and has a very good medium term daily chart showing signs of a turnaround. Support at $17.49.
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GameStop Corp.(NYSE:GME) Broke out from a consolidation pattern with strong volume Friday after a failed attempt last week. The huge volume increase suggests that a lot of buyers like this stock. Support at $22.70
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Kellogg Company (NYSE:K) is building a nice optimistic pattern under resistance at $54.79. Watch for a break through that price level to indicate that another push higher will occur. Support at $53
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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) broke out of its 50-dma on heavy volume for the first time this month, a bullish sign with a bullish engulfing pattern after two-days pullback. The MACD has already generated a buy signal. Watch out for the following resistance at $166.39 which is the previous high.
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