Watchlist 03/21/11

WTSLA (The Wet Seal, Inc.) posted a big loss on Friday and closed at the lod. Look for more downside pressure to 3.20 with a bounce to test the 200sma again.

UXG (U.S. Gold Corporation) had a nice positive day and is trading at the 20sma. This has lots of upside potential. Technically it has room to trade above the 20sma and tag the upper bollinger again since the 200sma is rising and the trend is in our favor. With war and issues ooming overseas, gold has been a haven. Look for a move above 7.51.

USU (USEC Inc.) watch for a breakout above 4.70. This needs to fill the gap above 5. With more positive news out of Japan this could continue to run.

MITI (Micromet Inc.) is a must watch as this is reaching oversold levels. It has more downside, but may begin to post dojis.

CIGX (Star Scientific, Inc.) looks like tweezer tops here. Look for another push to recent highs with dipping to follow. Could see 4 possibly.

BKS (Barnes & Noble, Inc.) look for a reversal signal as this needs to find a bottom soon.

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