PDS, CREE, and NMX

I'm actually getting ready to head off to China for a little over 2 weeks but first had to leave you with a few stocks that I thought were worth looking at.



First off is PDS. Look to buy at 25.30 where the uptrend should hold. This stock is in a broader recovery rally which you can see if you look at a bit longer term chart. It has been making solid higher lows and higher highs. The 50 sma has turned and will be coming up to support the action and push the stock higher while it breaks back up through the 200 sma. I would to buy at the trendline at approx 25.30.



Second is CREE. This chart, similarly to PDS, is in recovery mode. It looks to have made a bottom and is curving up nicely with the 50 coming up to support and push the stock higher. It is coming down to touch its 200 sma real quick before it moves higher. I would look to buy this one at 18.70 ish.



Last is NMX. I've mentioned this stock pretty often lately as a stock I like as it comes down in price. Today's action was pretty nasty making it look like NMX will head a bit lower from here. I would look around 116 to buy in. 115 is the last level of support so look to cut losses if it drops below.