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Published on Apr 12, 2012
04/12/12 - The stock market had another a second day of gains on Thursday. There were of lot of gainers, some that did extremely well. http://www.TheTechTrader.com FreeSeas Inc. (FREE) had a big day on Thursday. After the monster run-up in February, a month and a half, two month falling wedge, which broke on Wednesday, exploded on Thursday, up 70 cents to 1.85, or 61%, on 4.9 million shares. That's monster volume for that stock. If it gets a follow-though, it may very see 3-3 ½ short-term. http://www.TheTechTrader.com
Key Tronic Corp. (KTCC), up 1.12 to 10.74, or 11 1/2%, broke out of a 5-week falling flag, or channel with a pop on Thursday. This breakout sends it off to the mid-teens short-term, if it has a follow-through. http://www.TheTechTrader.com
MIPS Technologies Inc. (MIPS) had a big pop on Thursday on possible news of the sale of the company. It exploded up 1.37 to 6.58, or 26.3%, on 7.8 million shares. The big 2-month wedge was broken. Resistance is at 7, and may be taken as early as Friday. http://www.TheTechTrader.com
ZOOM Technologies, Inc. (ZOOM) had a huge day on Thursday, up 44 cents to 1.48, or 42%, on 1.7 million shares. If this stock gets to 1.65-.70, it might very well see 2 1/2, maybe even 3.25. http://www.TheTechTrader.com
Other stocks in our Charts for the Day are Amylin Pharmaceuticals, Inc. (AMLN), Aegean Marine Petroleum Network Inc. (ANW), Dunkin' Brands Group, Inc. (DNKN), Kodiak Oil & Gas Corp. (KOG), NetQin Mobile Inc. (NQ), Renren Inc. (RENN), Spanish Broadcasting System Inc. (SBSA), Titan Machinery, Inc. (TITN), and Velti Plc (VELT). http://www.TheTechTrader.com