| Stock chart patterns of AMD, NBIX and VPRT |
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| Tuesday, February 21, 2006 |
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Pre-Market Update- AMD,NBIX,and VPRT
Advance Micro Devices, Inc. (AMD)- Daily Chart
As you can see AMD has just completed a wave (3) to (4) pullback. AMD is now in a bullish ascending symmetrical triangle pattern. The bottom was put in at $38.32 and has been going back up ever since then. Furthermore, AMD has been in a strong bullish trend going all the way back to November. I wish I had suggested it as a buy a long time ago. The technicals are bullish. Therefore, I suggested it right around current levels.
Neurocrine Biosciences, Inc. (NBIX) - Daily chart
The daily chart shows that NBIX is a possible double top ascending triangle. NBIX is working it's way back up towards the break out line, once it takes out $65.70 it will break out and run higher up to wave 5. Indicators and oscillators are in a bullish trend reversal. This market just has a plethora of bullish charts.
VistaPrint Ltd. (VPRT) - Daily chart
Another bullish chart is VPRT. It trades a little bit thinner than I would like. I wouldn't block trade it. I originally suggested VPRT as a day trade. However, it has now broken out of a bull flag and continues to move higher. The indicators are turning around and it looks like it can go higher. I would recommend it to a retail trader. Your stop should be at the lows of the prior day. Today, VPRT is up 2.80% at $33.26.
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