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Charts Courtesy of Worden

Today I’m going to continue covering stocks that seem to be making some significant moves right now.

OmniVision Technologies (OVTI), an old favorite of ours, had a big run from December through September, rolled over in October but then bounced, formed a base, quadrupled bottomed around the 11 1/2 – 12 zone, and since then it’s been on a straight run to retest the old high up around the 17 1/2 level. I expect that could be tested tomorrow and a break through that gets it to test probably the 19.00 level, which is the early spring high in ’08, and then beyond that maybe a run into the mid 20’s, my longer-term target.

Radware (RDWR) had a significant day today with a beautiful rising channel under way. Pop, flag, pop, flag, and today it started to move out again as the volume increased and the stock moved up 43 cents. I’m looking for a move that takes this to the top of the channel. Right now that measures approximately around the 21 – 21 1/2 zone. That’s my short-term trading target. That’s what I’ll be looking for on RDWR.

Skechers USA (SKX) had a significant day and a nice follow up to yesterday’s action. It’s broken out across the January and early March highs with volume, and the rising channel that’s under way says this could be a stock that trades in the low 40’s, or about 8 to 10 points higher than where we are now in the next few weeks.

Xyratex Ltd. (XRTX), beautiful rising channel, a former portfolio position. We exited up around the 17.85 area, but the stock then formed a wedge, broke out on heavy volume, a big break away gap three days ago, backed off, and then today came on again and jumped 98 cents or nearly 6%. This is a stock, to me, that is headed for the top of the channel. Lateral price resistance is around 23. That’s my shorter-term trading target. Longer-term trading target in the high 20’s.

Other charts to view today are American International Group (AIG), Amylin Pharmaceuticals (AMLN), China Gerui Advanced Materials Group (CHOP), Cyclacel Pharmaceuticals Inc. (CYCC), DJSP Enterprises (DJSP), Exact Sciences (EXAS), Force Protection (FRPT).