StockWatch (Nov 6-10, 2006) SMPH, JGS, PCOR, BPC

SMPH

SMPH reached its ascending triangle target of 9.50.




JGS (Chart: Daily Resistance: 8.10 Support: 7.90-7.40)

JGS has reached last May’s previous high of 8.10 and it is now testing that resistance. It is a wait and see if the resistance will be broken by the bulls. If it is broken with volume, we may see a move towards P9-10 level. A short term down movement may happen as the stock is on the oversold level and MACD is positioning to cross down the signal line.




PCOR (Chart: Daily Resistance: 4.45 Support: 4.20)

The support held after the breakout and last Friday we saw the volume pick up to 13M shares traded. The price also went above the 260 day MA. Previous high last July is now the current resistance at 4.45. Target price for this breakout is 5.10




BPC (Chart: Daily Resistance: 1.46/1.54 Support: 1.42)

After breaking out of a small symmetrical triangle, it has started to retest the previous resistance line, which is now the support. A gap down can be noticed 2 days after the break out. If the support holds, we may see a move back up to 1.54. If the support is broken, next level of support is 1.38. But the high volume at breakout gives a higher possibility that the support would hold and the gap down be covered.