Watchlist 01/20/11

CRNT posted a large green candle on strong volume. It is up on news so watch for a continued run. Be careful of large gaps up as the market may weigh on any movement.

FAF couldn't run today. Look for a run below the previous low. If market is strong look for a possible breakout above 15.25.

MPWR may hit bottom soon. Keep on watch over the next few days for a bottom reversal.

LAVA looks ready for a pullback. RSI is overbought a dip below 5.54, the previous low is a good short entry. Look for a dip to 5.4 then 5.09.

ARRS is overbought and showing signs of a pullback. Look for a dip below the previous low to run to near 11.65 the 20ma.

RERUNS

DRYS watch at the open as bollinger bands show a possible reversal if markets become stronger. There could be a pullback to the 200ma 4.85. Watch market for direction.

SKF, DRV, SPXU, UEPS Hhhhmmmm.

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