Tuesday, July 15, 2008

BRCM Rips Cover Off the Ball

BRCM as I mentioned in my last post has been exhibiting solid relative strength. It's just been getting persistently bought on all dips. Well today it is having its solid breakout day. It's up strongly now and may continue to rise. I would start taking some profits as its moved nicely, but keep in mind that the trend is up and dips are still likely to be bought.

STJ is also breaking higher. This thing has come from down below today to up nicely in the afternoon. It's really killing it here, but it reports earnings tomorrow morning so be ready to take it off if you don't believe in the fundamental story.

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