If you look at the overall markets, they have had an amazing run in the past few months since the February downturn. The slope of this ascent is rather steep and there may be need for some rest. Despite this potential resting point, some stocks appear to still have wind in their sails, but be prepared for a downturn by protecting your portfolios with tight stop losses or by selling covered calls.
RATE has officially broken out of a cup and handle with the close today above $43.64. MCO is also a current buy as it has done the same thing. MR has filled its breakout gap and is within buying range, too. Watch OMCL to start, this stock is bouncing off its 50 day moving average and may offer more returns. Even better yet, NVEC has appeared to have made some great gains in the past few months and may be shaping a cup and handle. Watch MGM to see if it will come back down to near "support" at $75.50 after it broke out in huge trading volume 2 days ago. Look at the post from 5/22/07 re: the article in the magazine TASC. ICON is bucking the downtrend and may be near a buy point soon.
On the downside, AZO is an excellent short candidate. i.e. you want the stock to go down.
Good luck trading.
JD
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