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NeoPhotonics Corporation (NPTN) broke key technical resistance at 11 yesterday after the stock has been moving sideways for more then 6 months. Today breakout is a 2nd day of momentum which started last week when the stock broke out of a mini consolidation between 9 and 10 area. Increasing volume, which is today more then double then average is confirming the strength and increases the chance for success of the breakout. Short term target is in 13 area.
By Sinisa Persic, CMT – www.TraderHR.com
Canadian Solar Inc. (CSIQ)
Here are 8 stocks which could benefit from new potential up wave in market.
Comerica Incorporated (CMA)
Aerospace & Defense has been one of the best performing industry today as reaction to terrorist attacks. Three stocks within that industry with bullish technicals which suggests high possibility for continuation of momentum for the rest of the week are:
Candlestick Patterns:
Sinisa Persic, CMT – TraderHR
