ATU has come down to test it's breakout point making it a buy right here at 52.15ish. If it holds then this spot then all is well. If it does not we will know something is wrong pretty quickly. I'd give it down to it's 50 until you flush out on this one. Right now it is finding support on it's middle bollinger and may not even get to that point.
MRVL is holding support down at 16. It could possibly break below this point but I believe the stock is worth holding on to. It seems the stock has been ignored while other chip stocks have rallied and I don't think that will last too much longer. Stocks like these don't stay at 52 week lows too long.
The broad market looks kinda weak right now. It seems like all the small caps I'm watching are in the red right now too. The good news however is that it looks like more stocks will find their sma's pretty soon giving us some nice plays coming up. CTRN right now is balanced on it's 200 sma. You could buy in down there and stop out underneath. CTXS looks like it is going to break through the 50 and head down to its 200 where it will be a buy at approx 31.50. SNDK is coming back down to the 42 level where its 50 sma is. That will be another buy level for that stock.
There are many more out there presenting a relatively safe entry/exit strategy for this market. Buy off moving average support and stop out beneath.
Oh, and by the way, ERTS got nasty the other day. Turns out it didn't want to bowl up at all and instead took a nasty little drop. Stop loss though would've kept you out of most of that loss. From here ERTS has support around 49. I'm not rushing to buy this one right here. The support may hold but it's not worth the risk with the stock acting as it is.
I'll be back in a bit.
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