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Sunday, May 27, 2007

StockWatch (May 28-June 1, 2007) : LND, URC

LND( Chart: Daily Resistance: 0.92/0.96/1.12 Support: 0.84/0.80)

LND was previously noted to have exhibited signs of a head and shoulder formation, but as of current it seems that this formation has failed and it has turned into a symmetrical triangle formation which broke out last Friday. Target price is at 1.34. Recommendation: Buy.



URC (Chart: Daily Resistance: 16/16.75/17.25/17.75 Support: 15.50)

URC is currently showing possible signs of reversal. MACD and RSI seem to be forming a higher low, while the price formed a lower low, with MACD doing an upward crossover. As of current, the stock is still in a downward trend until further confirmed by a breakout from 19.50, which is a long term trend line resistance since May last year. Recommendation: Buy.

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