| Portfolio Stock Update SNDK HHS NGPS |
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| Friday, February 24, 2006 |
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Morning Update- HHS, NGPS, & SNDK
Harte Hanks, Inc. (HHS) - Daily Chart
The daily chart illustrates that HHS is forming a possible bullish pennant. It had 2 huge up days, and it has been trading sideways, to slightly down on declining volume. This could be a really good short term trade. I am looking to go long if it takes out $29.10. Stochastics are coiling. Again, wait for the alert.
NovAtel, Inc. (NGPS) Daily chart
The daily chart shows NGPS is breaking out of it's bottoming symmetrical triangle and is now turning into a large ascending triangle. Entry for the portfolio table was triggered at $30.00. On the daily chart you can see that the indicators and oscillators are bullish. Furthermore, the moving averages are starting fan upwards, which is also bullish. Resistance continues to be @ $37.15.
SanDisk Corp. (SNDK) - Hourly Chart
The hourly chart shows that SNDK is in a falling wedge reversal pattern and has been in a wave 3 to 4 correction since the beginning of this year. Typically falling wedge reversals have a 2% failure rate. They usually retrace up to the 50%-65% Fibonacci retracement levels. Typically, good news is a catalyst for falling wedge reversals. The indicators and oscillators are bearish and oversold, but starting to show some bullish divergence.
HHS--STILL IN BUY RANGE
NGPS--STILL IN BUY RANGE
SNDK--STILL IN BUY RANGE
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