Watchlist 05/09/2011

BIOS (BioScrip Inc.) is overbought. All indicators are showing overbought levels and the stock just posted a harami and doji. It's also failed to pass the recent high. Look for a test of 6.80 again before a dip.

KLIC (Kulicke and Soffa Industries Inc.) is up on guidance news from the 3rd. It is showing signs of being overbought, but has not posted any single candle indicating a reversal. Look for a push to 12/20 or 12.50 before a dip. This can be played both ways.

WINN (Winn-Dixie Stores, Inc.) looks like it has more downside. Look for this to hit 6.50 before bouncing back.

LSI (LSI Corporation)recently closed above a 7.50 breakout level and created a new 52 week high. Look for this to continue it's push upward. A price of 8 or above is possible. Watch out for gaps up or even a sell off in the morning as profit takers come in and short sellers may emerge, but a squeeze looks more than likely if that occurs.

ARR (ARMOUR Residential REIT, Inc.) watch this stock for a breakout above 7.65. This is the third time it is testing this level. Indicators show thee is more upside.

IVN (Ivanhoe Mines Ltd. (USA)) has shown strong support at the 200sma. Look for a bounce here with a stop below the prev low of 23.88. Watch for gaps.

ACI (Arch Coal Inc) looks like tweezer bottoms but this has more downside. Look for it to test support of the 200sma 29.93 before a bounce.

MW (The Men's Wearhouse, Inc.) looks overbought but needs reversal confirmation. Indicators show more upside potential.

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