News for 'YRCW' - (CSIQ, IRBT, RKUS, YRCW)
Jun 27, 2013 (AdviceTrade via COMTEX) -- by Harry Boxer, www.TheTechTrader an
AdviceTrade.com publication
It was another solid day on Wall Street with good technicals on Thursday. The
volume wasn’t great, but it is summer. A lot of stocks are moving, so
let’s take a look at some of them.
Canadian Solar Inc. (CSIQ) had a nice follow-through day on Thursday, popping
across key resistance, up 96 cents, or 9.5%, on 8.3 million shares. That’s
the biggest volume in almost a month. With the breakout above resistance, look
for a move up towards 13 short-term. If it accelerates in the new-channel angle,
this stock could get up to 15-16 potentially.
iRobot Corporation (IRBT) had a good day on Thursday, and we had a good day with
it since the swing trade came to fruition. After it consolidated for a week, it
popped 1.97, or 5.28%, on nearly a million shares. On a breakout day we want to
see the volume pick up like it did. Top of the channel now calls for a move up
toward 43-44, which is the swing-trade target.
Ruckus Wireless, Inc. (RKUS) had great action on Thursday, going from 11.81 to
13.35 and pulling back to 13.04, up 1.30, or 11%, on 3.7 million shares.
That’s the biggest volume on an up-day going back more than a year when
the IPO took place. This stock has gone from 26 all the way down to near 10 1/4,
consolidated for a week, and on Thursday broke through the 10- and 21-day moving
averages, and the 50-day at about 13.85, and then the lateral-price resistance
at 14.10 to deal with on Friday. Let’s see if it can get up to that zone,
and take out the declining topsline at 16 1/2.
YRC Worldwide Inc. (YRCW) is on a hell of a run, having popped out of the 6-7
zone, had an explosive breakaway gap in May, paused in a little pennant, then a
bigger wedge with a rising topsline, and in the overall channel, it looks like
it may continue somewhere in the mid to high 30’s. It has strong momentum,
so be watching, particularly if it gets over 29.65, it could fly into the low
30’s.
Other stocks on Harry’s Charts of the Day are Albany Molecular Research
Inc. (AMRI), CA Technologies (CA), CalAmp Corp. (CAMP), Entravision
Communications Corporation (EVC), Neonode, Inc. (NEON), Renewable Energy Group,
Inc. (REGI), Revolution Lighting Technologies, Inc. (RVLT), Tesla Motors, Inc.
(TSLA), Westport Innovations Inc. (WPRT), and The ExOne Company (XONE).
By Harry Boxer (www.TheTechTrader)
URL: thetechtrader.com
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