NTCT, ASIA, BVSN, SWI - Stock Charts - Harry Boxer, TheTechTrader.com

01/05/12 - The market continues to press higher, so we'll keep looking at those stocks that are breaking out to the upside. http://www.TheTechTrader.com

NetScout Systems Inc. (NTCT) had a big day on Thursday. This stock nearly reached secondary resistance. There was a breakaway gap, and open, and then a run up, taking it up 2.87, or 161/2%, on 1.2 million shares. It looks like this is a clean breakout, so look for a test of higher levels. If it gets through resistance at 19.92, look for something up around the 23 - 24 area. http://www.TheTechTrader.com

AsiaInfo-Linkage, Inc. (ASIA) also had a big day today. The declining topsline that goes as far back as April 2011, was broken on Thursday as well as lateral price resistance. There's a double-bottom, so there was a breakout of two lines of resistance. Look for a move up to 12 short-term. That could be an instant swing trade. http://www.TheTechTrader.com

BroadVision, Inc. (BVSN) continues to amaze. It's gone from 10 1/2 to 24 just in the last two weeks, with only 2 days of interruption. Thursday, it was up 2.66 to 24.17, or 12.4%, on 564,000 shares, and closed at the exact high for the day going away. It's likely that this stock will spike up and run into the 20's short-term. Watch for a move on Friday, and play it very carefully when it spikes up. http://www.TheTechTrader.com




SolarWinds, Inc. (SWI), which we liked earlier in the year, particularly when it broke away, ran all the way up into the 38 - 40 zone, and fell back into a falling wedge. It broke out of this wedge a week and a half ago, pulled back in a 4-day flag after backing off the 50, and on Thursday broke through it. It was up 2.32, or 6%, on 1.5 million shares, reaching as high as 31.30, and backing off to 31.11. Expect a retest of the high around 33 coming up, and then maybe as high as 37 1/2 - 38. http://www.TheTechTrader.com

Other stocks in our Charts for the Day are 8x8 Inc. (EGHT), Net 1 UEPS Technologies, Inc. (UEPS), ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS), Zhongpin, Inc. (HOGS), Micron Technology Inc. (MU), OraSure Technologies Inc. (OSUR), Titan International, Inc. Commo (TWI), Halozyme Therapeutics, Inc. (HALO), Owens Corning (OC), Idenix Pharmaceuticals Inc. (IDIX), ArQule, Inc. (ARQL), Ebix Inc. (EBIX), Celldex Therapeutics, Inc (CLDX), Mitek Systems Inc. (MITK), Cheniere Energy, Inc. (LNG), RAM Energy Resources, Inc. (RAM). http://www.TheTechTrader.com

Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in play. To learn which stocks Harry is trading or discussing intraday, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and swing/intermediate-term stock picks. http://www.TheTechTrader.com

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