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Monday, May 14, 2007

StockWatch (May 14-18): APXB, APC

APXB ( Chart: Daily Resistance: 6.90/7.70 Support: 6.30/5.80)

APXB broke out from the symmetrical triangle on the first trading day and proceeded to move to as high as 6.90. Target price for the formation is 8.30. There is a possibility of a return move down to 6.30. That level would be a good price to get in. Cutloss at 5.80.


APC (Chart: Daily Resistance: 0.78 Support: 0.64)

APC broke out of a rounding bottom formation. Target price is 1.10 Watch out for return move to 0.65 -0.70 to get in.

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