AEN, LPTH, RHT, TSON -- Stock Charts -- Harry Boxer, TheTechTrader.com





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Uploaded on Mar 25, 2011

03/24/11 -- Today we're going to take a look at some stocks that we're still seeing as being potentially bullish and having at least short-term upside. http://www.thetechtrader.com

Adeona Pharmaceuticals, Inc. (AEN), after breaking its falling wedge, popped early in the week, pulled back Wednesday, and then came on again Thursday. Up 24 cents, or a 15.6% increase, on 2 1/4 million with a thrust in technicals. A new high for the year. It may very well take out the double-top up around the 1.95 area. If that occurs, the target is the 2.60 range. http://www.thetechtrader.com

LightPath Technologies Inc. (LPTH) had a big day Thursday. It jumped 98 cents, or 71.5%. It exploded through resistance taking out both its moving averages, declining topsline, and lateral price resistance from January. So a big move, and potentially some upside follow-through may take place. We'll be watching for a move to test the 2.95 area initially, and then 3.60-65 area potentially beyond that. http://www.thetechtrader.com

Red Hat, Inc. (RHT) had a big day and was one of the leaders on Thursday, jumping 7.29, or 18%, on 18 million shares. It took out its 21 and 50-day moving averages, declining topsline, and moved almost up to test its highs from December. A move through that level, and we could see something in the mid 50s on Red Hat. That's what I'm looking for on it. http://www.thetechtrader.com

TranS1, Inc. (TSON) exploded Thursday on 8.4 million shares, closing up 87 cents, or 27%. At one point it was substantially higher, reaching key overhead resistance, but it backed way off from that. Let's see if it does come on again. If it does take that out, we can see much higher prices, perhaps up as high as the 7.00 range eventually. http://www.thetechtrader.com

Other stocks in our Charts of the Day video are Autodesk, Inc. (ADSK), Ariad Pharmaceuticals Inc. (ARIA), Charming Shoppes Inc. (CHRS), IMAX Corporation (IMAX), OMNOVA Solutions Inc. (OMN), Optimer Pharmaceuticals, Inc. (OPTR), OmniVision Technologies Inc. (OVTI), Silicon Image Inc. (SIMG), SMART Modular Technologies (WWH) Inc. (SMOD), Tibco Software Inc. (TIBX), TranSwitch Corp. (TXCC). 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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