GLD has caught the upper BB with strong volume. It might start riding the upper BB up, as we discussed this past weekend in my March monthly review. This may signal the continuing strength in metals.We were talking about some cheaper stocks in PSW. Let's take a look at a couple of them:
LMRA has made some nice advances for about a week. Its intraday charts (not shown here) are getting a bit toppy. But, it does have a nice rising MACD. So, perhaps after a little rest, it will resume the upward action. MVIS made a huge jump today!
It not only broke the resistance at 4, it also jumped above the upper BB. A little too much too fast? Maybe. Its daily MAs are bullishly lined up with 10- above 20- above 30-day MA, though. MACD, MFI, and RSI are all strong. So, wait a couple of days; there might be some good buying opportunities.
CYMI got upgraded by Stifel Nicolaus today, along with some other chip equipment companies.
CYMI, among the strongest movers today, jumped $2.88 or 6.93%! It overshot the upper BB and broke resistance at 44. The buying volume was very high. This could mean that there were a lot of shorts in this stock, and sector. We might see some nice follow-throughs here!RIO is still rising, and Cramer likes it!
It has already caught the upper BB and is riding it up! The nice rising volume is also a bullish sign!
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