ACTG, EBIX, PKT, SGI -- Stock Charts -- Harry Boxer, TheTechTrader

03/03/11 - The market keeps ripping ahead and many stocks are breaking out. There are a lot of great looking charts. It's hard to believe the market is topping out here, but you never know. Anyway, let's go over some of the stocks that had big days, ones that we've been picking out, and the ones that we've been following closely. http://www.thetechtrader.com

Acacia Research Corporation (ACTG) broke through a key triple top Thursday with a breakaway gap on big volume. It ran up to 36.44 and backed off. It's still up 4.70 Thursday, closing at 33.93, 16% on 1.6 million. That's one of the heaviest volumes this stocks ever traded. The top of the channel comes in around 40, and that's my short-term target. http://www.thetechtrader.com

Ebix Inc. (EBIX), an old favorite of ours, broke out in the last couple of days and followed through Thursday, so we put it back on our swing trade list with a target of 35. It jumped 1.53, or 5.6%. The volume was strong at 1 1/4 million. I'm looking for an extended move that takes this up to the mid 30s. http://www.thetechtrader.com

Procera Networks, Inc. (PKT), another swing trade idea of ours, had a nice surge early February, pulled back, acted very quiet and narrow, and then held the prior high for about four days. Thursday it popped 85 cents, or 10%. The volume started to pick up a little bit. It looks like it may retest the 10.25-.30 range, which is our short-term swing trade target. At this point, after that is taken out, we could see 12, even 13. http://www.thetechtrader.com

Silicon Graphics International Corp. (SGI), a swing trade idea of ours, which popped in early February, then coiled for about 3 or 4 weeks, exploded for 2.72 Thursday, up almost 18% on 2 million shares. That's big volume for that stock. At this point I'm looking for an extension and a move up towards the 21 1/2 area. http://www.thetechtrader.com


Other stocks in our Charts of the Day video are Biolase Technology, Inc. (BLTI), CIBER, Inc. (CBR), DUSA Pharmaceuticals Inc. (DUSA), IntraLinks Holdings, Inc. (IL), InterMune Inc. (ITMN), Kandi Technologies Corp (KNDI), Kongzhong Corp. (KONG), KV Pharmaceutical Co. (KV-A), OmniVision Technologies Inc. (OVTI), Superconductor Technologies Inc. (SCON). USA Technologies Inc. (USAT), Vertex Pharmaceuticals Incorporated (VRTX). http://www.thetechtrader.com

Chart Info: 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 adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and intermediate-term stock picks. http://www.thetechtrader.com

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