Should this market head lower, which I believe (as I’ve said multiple times of late) will this week, then here are seven short setups to get you started tomorrow. Here are the nitty-gritty and quick reasons for each setup.
Anadigics (ANAD) – Nice downtrend in place, with tight price consolidation, and poised for a breakdown.
SEI Investments Company (SEIC) – Bear flag on light volume. Rally to resistance.
Compuware (CPWR) – Another nice bear-flag play.
Vmware (VMW) – And another bear flag. Price unable to escape above the 50-day moving average with a head fake as well.
Panera Bread (PNRA) – Nice downward trend in place, and evening star candle pattern.
Virgin Media (VMED) – Double top and light volume rally back to price resistance.
Virnetx Holding (VHC) – Another downward trend in place, and unable on three straight days to break above it.
Here are the Charts for Each.
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