Best Guide CONN, HEAT, ARLP, NPK - Stock Charts - Harry Boxer, TheTechTrader.com
04/03/12 - The stock market was quite volatile on Tuesday. It dropped in the morning, but got back up by the end of the day. That doesn't mean it's out of the woods yet. There could still be some lower levels. However, we'll take a look at both longs and shorts. www.TheTechTrader.com Conns Inc. (CONN) has been moving up of late, and had a big move on Tuesday, up 2.56 to 19.05, or 15.5%, on 1.78 million shares traded. That's huge volume for that stock. The key to this recent move was a pop, a flag, and then a steady move up with a little bit of a pullback flag. That occurred last week. This week on Monday and Tuesday, this stock has gone from about 15 to nearly 20 in two sessions. The next target is up around the 25 area short-term. http SmartHeat Inc. (HEAT) was by far the winner of the day on Tuesday. It opened around the 2.98 area, exploded to 6.00 at one point, doubling intra-day in one day. It had a big back-off, but still, it was up 2.51 to 5.25, or 91.6%, on 2.5 million shares. What today did is take out moving averages, declining topsline from over the last four or five months, and lateral price resistance. If there's a follow-through on this stock, with that kind of thrust, it may very well just keep going and get up into the 8 1/2 area, which is the next major target. www.TheTechTrader.com Alliance Resource Partners, LP (ARLP) continues to be in a down channel, down 2.72 to 57.38, or 4.5% on Tuesday. A major up-trend line was broken, key support has been tested
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