Weekend Update- CELG, CEPH, FAST, NBIX, NGPS, PRU, GLYT, INTC

Celgene Corp. (CELG) Daily chart
Celegene's daily chart shows that it has broken out of it's ascending triangle pattern. On the daily, you can see that CELG closed one penny below the open which makes it a coin toss as to which way it will go tomorrow. I recommend putting a trailing stop at today's low at $39.35.

Cephalon, Inc. (CEPH) Daily chart
On the daily chart, you can see that CEPH has been trading in a nice uptrend channel. All time highs are $1.00 from $82.49 and it could go to the upper channel or it may back test. However, I recommend taking 1/2 of your position off the table and take profits here.

Fastenal Co. (FAST) - Daily chart
The daily chart shows that FAST has broken out of the ascending triangle. It is currently pulling back to form a bull flag and it may back test the breakout line at $42 ish. Indicators and oscillators are bullish and the stochastics are flagging. I recommend you hold this stock, target is still a way off.

Neurocrine Biosciences, Inc. (NBIX) - Daily chart
The daily chart shows that NBIX, like FAST, has broken out of the ascending triangle. It pulled back to test the breakout line and formed a bull flag and it is now back up at $69.76. Indicators and oscillators are bullish and the stochastics are flagging. I recommend you hold this stock, target is still a way off at $78.00.

NovAtel, Inc. (NGPS) Daily chart
The daily chart shows NGPS breaking out of it's bottoming symmetrical triangle and is now turning into an 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 bearish but are flipping back to bullish. Furthermore, the moving averages are starting fan upwards, which is also bullish. Resistance continues to be @ $37.15.

Prudential Financial Inc. (PRU) Daily chart
The daily chart shows that PRU is in a large ascending triangle pattern. PRU has been consolidating in a slim jim pattern at the top of the triangle in the range of $73.00 - $75.00. However, it is currently pulling back and it may pull back all the way to the uptrend line at $71.00 and the pattern would still be intact. Indicators and oscillators are bearish.

Genlyte Group, Inc. (GLYT) Daily chart
The daily chart shows that GLYT has broken out of the ascending triangle. It is currently pulling back from the high at $63.95 to form a bull flag and it is back testing the breakout line at $60 ish. Indicators and oscillators are bullish and the stochastics are flagging. I have traded this stock before, and I want to get back in it. I suggest entry here at $61.22 with a stop loss at $59.47.

Intel Corp (INTC) Daily chart
The daily chart shows that INTC is currently in a falling wedge reversal. I do not recommend it for the portfolio. I just want to point out that the RSI is in a bullish trend reversal and it seems that INTC could go higher in spite of itself. INTC is trading down 0.83% today at $20.32. It will be interesting to see what happens with the chips this week.