ANF, PLL, GPRO, UFS - Stock Charts - Harry Boxer, TheTechTrader.com

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Uploaded by on Aug 26, 2011

08/25/11 - It was another bad day on Wall Street on Thursday as there was a huge reversal that sent some of stocks straight down. So, we're going to focus on the short side as the indices looks very vulnerable here. http://www.TheTechTrader.com

Abercrombie & Fitch Co. (ANF) is one of the Boxer Short swing trades that we put out in the last couple day. On Wednesday it dropped 2.22. After a massive topping formation, long uptrend, multiple tops at the same level, it broke hard, right back to resistance at the trend line and moving averages, and then plunged before forming what looks like a bear flag. It looks like this stock is headed down toward the 48 - 50 zone, which is the next target for ANF. http://www.TheTechTrader.com

Gen-Probe Inc. (GPRO) has been in a nice declining channel. We've been bearishing this one since June early June when it was trading over 70. It eventually got down to the low 50s, bounced up to the declining tops line, and is now forming a little bear wedge. It stayed down 1.67, reversing 3.00 off its high, and it could crack below 55, or so. This stock could see a move down into the high 40s. http://www.TheTechTrader.com

Pall Corp. (PLL) broke a top in the 55 range and kept sliding quickly. After bouncing, pulling back hard and bouncing again, it had a big wedge pattern. It can easily be stopped above the 49 - 50 zone, but if it fails here and rolls over, there could be a test of the 41- 42 zone, which is the next target. Looking at the long-term pattern, if it is taken this stock could very well see the mid to high 30s. http://www.TheTechTrader.com

Domtar Corporation (UFS) is another stock that we put out. It bounced hard. After rolling over hard in July and August, it bounced, pulled back, and bounced again. But on Wednesday, it snapped down 3.00 off the high to close down 2.35, perhaps at key level for resistance, but it failed that today. The wedge at 73.08 could mean some more down side. The next target is set at 68, but if it breaks there, it could see 64, perhaps even as low as 60 before it's over. http://www.TheTechTrader.com

Other stocks in our Charts for the Day are AMERIGROUP Corporation (AGP), Bio-Rad Laboratories, Inc. (BIO), Cabot Microelectronics Corp. (CCMP), Charter Communications Inc. (CHTR), Coherent Inc. (COHR), China Yuchai International Limited (CYD), Dolby Laboratories, Inc. (DLB), The Ensign Group, Inc. (ENSG), IHS Inc. (IHS), Informatica Corporation (INFA), OpenTable, Inc. (OPEN), Parker Hannifin Corporation (PH), The Scotts Miracle-Gro Co. (SMG). 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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