As predicted, the markets broke out today to the upside out of the neutral range/ascending triangle. I think we can get up to test the May highs of 1173 and if we take that high out, we can test the high of April at 1219.
UTSi broke out yesterday out of a neutral range, breaking out above $2.30 on volume. Good follow through day today with nice volume, although I would have liked to see the stock close closer to the highs. I think this stock has some more legs and will reach the early May gap down at around $2.70-80.
Aloca remains in a neutral range here but I remain bullish on today's gap up close to yesterdays open. However, the 200 day MA is just above at $12.59 which could act as some resistance
UTSi broke out yesterday out of a neutral range, breaking out above $2.30 on volume. Good follow through day today with nice volume, although I would have liked to see the stock close closer to the highs. I think this stock has some more legs and will reach the early May gap down at around $2.70-80.
Aloca remains in a neutral range here but I remain bullish on today's gap up close to yesterdays open. However, the 200 day MA is just above at $12.59 which could act as some resistance
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