Stockwatch: ABS, LC, MA, NI, VLL, WPI

(ABS Chart as of May 27, 2009)

ABS breakout from pennant formation with volume!

Target price measured @ 22.00 - 23.

(LC Chart as of May 27, 2009)

LC breaks its 260-MA and its previous resistance @ .15 with a heavy volume.

Target Price measured @ .19 based on the pennant breakout last May 18, 2009.

(MA Chart as of May 27, 2009)

MA breaks pass the 260-MA and its previous resistance @ .014 with a very very heavy volume! Double bottom target price measured @ .028. Next resistance to be encountered around .018.

(NI Chart as of May 27, 2009)

NI pierced the pennant formation with heavy volume.

NI need to have more volume than today to confirm the pennant breakout.

Target Priced measured @ 9.0.

(VLL Chart as of May 27, 2009)

VLL still holding from its support @ 1.68 which is good. Although black candles are forming, the volume is diminishing which is also good. Watch out for a breakout pass the 1.86 which the previous high. VLL looks like forming a small pennant with a target price @ 2.24 which is near the target price of the 2nd pennant (see chart).

WPI

(WPI Chart as of May 27, 2009)

Today, WPI did a breakout from its resistance @ .32 which is also its 130-MA but the volume is not convincing.

WPI might move sideways first before continuing up.

Measuring the rounding bottom will give a target price @ .60.