Watchlist 01/03/11

FLMG is a recommended pennystock that seems to be in a symmetrical triangle. Watch volume and look for a breakout over the next few days.

MRVL has just bounced off the 200ma. Look for a continuation if it can break 18.6 resistance. The next significant resistance would then be around 18.9. Stochs and RSI show bullish formations. MACD shows some weakness, but a reversal is not out of the scenario.

SNSS has been mentioned in chat rooms since it has been making moves. It is approaching the 200ma. A pullback to below .49 and this stock may dip to .45, a pullback entry. However, a run above .53 could see this stock running above the 200ma again.

CDY is really trending upwards. The stock looks overbought but is trending. Look for a pullback to 2.10 as an entry. Volume was strong recently.

RAME is also trending upwards and needs to break 1.86 a key resistance level. This is doable, but look for a pullback to 1.8, the 200ma.

ALTH has been trying to break a 4.7 resistance level. A res level of a channel it is in. If it can break it it may run, however, if it dips below 4.5 on strength then it may dip significantly. Indicators are in mid-line.

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