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CLNT, PMCS, CSH, WRLD - Stock Charts - Harry Boxer, TheTechTrader.com










04/04/12 - The stock market had a down day on Wednesday, and perhaps it's on the way lower as would be expected from this timeframe, but we'll see if it gets and follow-through to the downside. We'll be looking at a few on the long side, a few on the short side. http://www.TheTechTrader.com

Cleantech Solutions International, Inc. (CLNT), which we traded, had a huge day on Wednesday, up 3.47 to 5.67, or 158%, on 3.9 million shares traded. That is huge volume for this stock. It opened at 2.22 and run up to 6.39 today. When a stock gets a thrust like this on that kind of volume, it often gets a follow-though. If there is a follow-through, don't be surprised at something up around 8 -- 8 3/4. http://www.TheTechTrader.com

PMC-Sierra Inc. (PMCS) had a big move on Wednesday, taking it from 6.80 to 7.80, closing up 60 cents to 7.69, or 8.5%, on 14.2 million shares. That's the highest level since a year ago. There is some resistance up at the 7.70 -- 7.80 zone. The next target is at the resistance at 8.18, and then up towards the 9.00 level. http://www.TheTechTrader.com

On the Short Side...

Cash America International, Inc (CSH) has been forming a big wedge over the last 2 1/2 months, which may have cracked on Wednesday. It was down 1.12 to 46.25, or 2.4%. Should it move underneath the line of resistance, it could fall very quickly to 44, maybe even as low as 42. http://www.TheTechTrader.com

World Acceptance Corporation (WRLD) dropped another 35 cents to 60.32. That's not a lot, but it made a nominal new low. If the channel holds true, we could see it move to the bottom of that channel at 56 from the current 60. http://www.TheTechTrader.com

Other stocks in our Charts for the Day are E-Commerce China Dangdang Inc. (DANG), SmartHeat Inc. (HEAT), Motricity, Inc. (MOTR), Recon Technology, Ltd. (RCON), and THT Heat Transfer Technology, Inc. (THTI). Stocks on the short side include Apco Oil and Gas International (APAGF), American Public Education, Inc. (APEI), Alliance Resource Partners, L.P (ARLP), Deckers Outdoor Corp. (DECK), First Solar, Inc. (FSLR), Gardner Denver, Inc. (GDI), National Presto Industries, Inc (NPK), OPNET Technologies Inc. (OPNT), RealPage, Inc. (RP), South Jersey Industries (SJI), Ultra Petroleum Corp. (UPL), WebMD Health Corp (WBMD), and Williams Partners (WPZ). http://www.TheTechTrader.com

Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in play. To learn which stocks Harry is trading or discussing intraday, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and swing/intermediate-term stock picks. http://www.TheTechTrader.com


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