Watchlist update 08/31/2010

FC
This  stock has shown significant weakness closing under the 50ma. A recent death cross bodes ill as well. At this time Asian markets look strong so futures may be strong and market may open to a small rally. I believe w/o significant news, bears will rally and drive the market slightly lower. FC should descend some more. I would look to short this position if a push to climb above the 50ma does not happen early.

CMT
Will need to wait and see how this stock opens. A harami and hammer have formed, but may not indicate reversal but weakness. There is still room to run up to touch the 50ma or resistance around 5.

TRGT
This stock showed significant strength today touching the 200ma and breaching the 50ma resistance areas. I am unaware of news about this company or competitors so I believe a pullback will occur. This is a good time to short if it runs to touch the 50ma or depending on the open. Let's see if it dips below the 50ma. A recent death cross occurred so this is bearish as well.

MDTH
As written this posted a flat day with a hammer forming. There was a death cross at the end of july and the stock could not breach the 50ma. With market weakness this is bearish.

IRBT
This stock has recently closed a gap from may. There is some downside possible but a flat day at the close should be expected. This may test a new recent low but pullback to close flat.

LEE
Posted another flat day. With the MACD converging and CCI above low levels. I will wait to see if a direction forms. This may show a small rally.

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