Monday, April 28, 2008

some on the watchlist....


Taskeo Mines is the newest member of the watchlist. This name is a play on the copper industry. The catalyst for the potential move is strong Chinese demand, low inventories and slow growth in new supplies.


Digital Ally edged lower last week as it digests recent gains. Technically speaking, this is textbook action, as the stock is resting on light volume after a strong move on volume. Fundamentally, I continue to like the prospects for DGLY.


Wsi Industries surged higher last week, adding 29.55 %. This name continues to act well, and has landed in the #3 spot in the IBD 100 this weekend. WSCI had an impressive first quarter earnings report, which included 45 % increase in revenues.


Teva Pharmaceutical edged lower last week, giving back 2.68%. The news flow has dried up for this name in the past week, and it drifted lower on light volume towards the bottom in of its base. Nothing fundamentally changed with TEVA this week, though the sector did see some broad weakness. The technical action has deteriorated a bit, and will be keeping a close eye on this name in the coming week should support levels not hold.

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