[BOBJ] Business Objects S.A. ($38.540) - Software - The main trend of BOBJ remains positive here and the stock gave a spread triple top at 44 and rallied to 46. With the overall market pullback, BOBJ is now on the oversold side of the ten week trading band. Okay to buy BOBJ here and then add to positions once the indicators turn up. On the downside, support is at 34 and a move to 33 is a spread triple bottom.
[BOH] Bank of Hawaii ($53.56) - Banks - This stock broke a double top at 52 on Friday. This stock has traded between 47 and 55 since May 2005. That means resistance at 54-55 and support at 47-48. Near the top end of that range right now and with RS charts in O's, others look better right now.
[BTJ] Bolt Technology Corp. ($38.56) - Oil Service - This stock broke a double top at 40 on Friday. This break comes from below the bearish resistance line, which is currently at 47. RS charts are in O's. With no close stop loss and only 2 positive attributes, we would look elsewhere for now.
[CBRL] CBRL Group, Inc. ($39.21) - Restaurants - This stock broke a double top at 41 on Friday. This stock fell to its bullish support line earlier in the month and held and has now broken back to the upside. RS charts remain weak and that suggests trading positions only here. A decline to 35 breaks a triple bottom and also violates the bullish support line.
[CMA] Comerica Incorporated ($57.70) - Banks - This stock broke a double top at 57 on Friday. This stock rallied to 59, just below its bearish resistance line. RS charts are on sell signals and in O's so CMA has zero positive attributes. also has resistance in the low 60's and other stocks look better.
[CNA] Cna Financial Corp ($42.90) - Insurance - This stock broke a double top at 44 on Friday. This stock is trading above its bullish support line so the trend is positive. RS charts are on buy signals and also in X's so CNA has 5 positive attributes. Could buy here with a stop loss of 38, which breaks a double bottom.
[FRE] Freddie Mac ($63.41) - Finance - This stock broke a triple top at 65 on Friday. This stock is trading above its bullish support line so the trend is positive. However, Market RS chart is weak and the stock only has 2 positive attributes. This suggests trading positions on this stock. A drop to 58 breaks a triple bottom and would violate the uptrend line.
[HPC] Hercules Incorporated ($19.53) - Chemicals - This stock broke a double top at 21 on Friday. This stock has held up well and remains above its bullish support line. A move to 23 would take this stock to new highs. RS charts are positive and could buy here.
[IO] Input/Output Inc ($13.06) - Oil Service - This stock broke a double top at 15 on Friday. This put IO back on a buy signal but it remains below its bearish resistance line at this time. A move to 16 would violate that trendline and put the stock back to 3 positive attributes. Would wait for that to initiate any new long positions.
[PCH] Potlatch Corporation ($44.770) - Forest Prods/Paper - The overall trend of PCH remains positive here and most recently the trend chart of this stock gave a double top buy signal at 46 to complete a bullish triangle pattern. As well, this 4 for 5’er has an upside price objective of 61 suggesting this stock has some more room to the upside. The firs sign of trouble would come with a move to 41, which would be a double bottom sell signal.
[PHW] PowerShares Dynamic Hard. & Electronics ($18.060) - The main trend of PHW is positive and the ETF remains on a buy signal. PHW has just pulled back toward the bottom of the ten week trading band and that provides an opportunity to either enter positions or at least put the stock on your shopping list of ideas with a stop/hedge point at 16.50, a double bottom.