BVF, HXL, UCTT, WPRT — Stock Charts — Harry Boxer, TheTechTrader.com
07/27/10 — www.TheTechTrader.com — Biovail Corporation (BVF) exploded in June, and the weekly chart shows this stock has been in a beautiful rising channel for the last couple years, and there’s overhead resistance coming up around the 27 1 — 28 zone, the initial target. Longer-term target is around the mid 30s. Certainly Biovail looks like it has momentum, volume, and technical surging. Even though it’s near the top of the channel, it seems to want to move higher. — Hexcel Corp. (HXL), which has been moving up steadily, particularly since February when it was just under 10, and now nearly double that, and continues to edge higher while the market grinds. This is a stock that has potential to be at much higher levels. Short-term target around the 24 level, secondary target around 28. — Ultra Clean Holdings Inc. (UCTT) has broken out of a 3-4 month wedge today. I can see that prior this stock has run from under $1 up to under $11, a 10-fold increase, and it’s finally gone into a more lengthy consolidation in the last week or so. It popped from 8 to nearly 11 at a 10.87 high today. Short-term trading target is at 12 — 12 1/4, intermediate target at 15. — Westport Innovations Inc. (WPRT), which continues to look excellent. It’s been in a beautiful up trend, since it was $3, now back over 20, held at 21today. It’s making new multi-year highs. The top of the channel is the trading target at 24 — 24 1/2. — Other stocks highlighted on Harry’s Charts of the Day are …
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BVF, HXL, UCTT, WPRT — Stock Charts — Harry Boxer, TheTechTrader.com
07/27/10 — www.TheTechTrader.com — Biovail Corporation (BVF) exploded in June, and the weekly chart shows this stock has been in a beautiful rising channel for the last couple years, and there’s overhead resistance coming up around the 27 1 — 28 zone, the initial target. Longer-term target is around the mid 30s. Certainly Biovail looks like it has momentum, volume, and technical surging. Even though it’s near the top of the channel, it seems to want to move higher. — Hexcel Corp. (HXL), which has been moving up steadily, particularly since February when it was just under 10, and now nearly double that, and continues to edge higher while the market grinds. This is a stock that has potential to be at much higher levels. Short-term target around the 24 level, secondary target around 28. — Ultra Clean Holdings Inc. (UCTT) has broken out of a 3-4 month wedge today. I can see that prior this stock has run from under $1 up to under $11, a 10-fold increase, and it’s finally gone into a more lengthy consolidation in the last week or so. It popped from 8 to nearly 11 at a 10.87 high today. Short-term trading target is at 12 — 12 1/4, intermediate target at 15. — Westport Innovations Inc. (WPRT), which continues to look excellent. It’s been in a beautiful up trend, since it was $3, now back over 20, held at 21today. It’s making new multi-year highs. The top of the channel is the trading target at 24 — 24 1/2. — Other stocks highlighted on Harry’s Charts of the Day are …
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