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CSL, GTIM, FSLR, PNRA, JOY - Stock Charts to Watch RSS

Charts of the Day video for Tue April 24th 2012

Charts of the Day Download MP4
Charts of the Day video analysis of key stocks in play

The stock market ended the day to the upside on Tuesday, but we’re still going to cover quite a few longs as well as some interesting stocks on the short side.

Carlisle Companies Inc. (CSL) had a big day on Tuesday. It exploded from about 50 to 55.17, up 5.40, or 10.35%, on 1.5 million shares, which is big volume for this stock. On the negative side, it’s at the top of the channel, but if it gets a follow-through, it could spike up to about 60 short-term.

Good Times Restaurants Inc. (GTIM) has had a big move in the last few days. It popped, pulled back, got quiet with low volume, and then had a surge, and went from 1.55 up to 5.98. On Tuesday, it closed at 4.55, up 1.74, or 52%, on 1.7 million shares. It quadrupled in 4 sessions, so it would be in your best interest to be very careful on this one. But momentum is a funny thing, and if this stock wants to move higher, it certainly will do so.

On the Short Side…

First Solar, Inc. (FSLR) continues to look thrashed in a steep down trend. It may not have reached the bottom yet. Look for something down towards the 15 range short-term.

Panera Bread Co. (PNRA) came down hard after breaking the channel. If it takes out the 145 area, this stock could have a very strong additional 10 – 15 points to the downside.

Joy Global, Inc. (JOY) broke the bearish wedge two days ago, followed through on Monday, and had an inside day on Tuesday. It’s still very bearish. It may sit up there for a couple days, but it looks like it could go lower. The target is set for 62, eventually.

Other stocks in our Charts for the Day are Affymax, Inc. (AFFY), Alimera Sciences, Inc. (ALIM), Accuray Incorporated (ARAY), Crimson Exploration Inc. (CXPO), Dendreon Corp (DNDN), Grifols, S.A. (GRFS), LeapFrog Enterprises Inc. (LF), LodgeNet Interactive Corporation (LNET), PDF Solutions Inc. (PDFS), Collective Brands, Inc. (PSS), Sequenom Inc. (SQNM), TearLab Corporation (TEAR), and Vermillion, Inc. (VRML).

Charts of the Day on the short side include Big Lots Inc. (BIG), Deckers Outdoor Corp. (DECK), Chipotle Mexican Grill, Inc. (CMG), Westport Innovations Inc. (WPRT, Ralph Lauren Corporation (RL), OPNET Technologies Inc. (OPNT), Ultra Petroleum Corp. (UPL), Rovi Corporation (ROVI), Hi Tech Pharmacal Co. Inc. (HITK), Home Inns & Hotels Management Inc. (HMIN), Fastenal Company (FAST), and Williams Partners L.P. (WPZ).