( click to enlarge ) Elan Corporation, plc (ELN) has a mixed technical profile at the present moment. Intermediate trend is down. The stock recently broke below its 20 and 50 day moving averages. Short term momentum indicators are now showing technical signs of recovery. The break of the resistance of $13.03 with heavy volume should be the next buy point on ELN. ( click to enlarge ) Shares of Sirius XM Radio Inc (SIRI) surged 2% to $2.26 per share breaking out an important resistance with heavy volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. ( click to enlarge )Uranium Energy Corp. (NYSEAMEX:UEC) - $3.62 could be the level the stock might find support. Notice accumulation volume has been ramping up lately. ( click to enlarge ) Glu Mobile Inc.(GLUU) is back at the breakout area again and may find support here. Volume declined on the pullback which is positive. I'm Bullish on stock. ( click to enlarge ) Melco Crown Entertainment Ltd (MPEL) - Looking very good but the stock might consolidate in short term.
updated Feb 29, 2012
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