Market Overview

Here are a Few Setups to Watch Next Week

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NVIDIA Corporation (NASDAQ: NVDA) confirmed my previous analyse and broke decisively above its 200-day MA today. From here we can expect a run to the 13 area and from there we could see an explosive upsurge to $13.5 and better. Daily technical indicators are turning up. Hold with a stop at the level of the 50-day MA. Add more on a convincing break out above the 13 level. Long setup.
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Rite Aid Corporation (NYSE: RAD) is setting up nicely to break into new highs. Buy point would be on the day it blows through $1.95 on heavy volume.
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Himax Technologies, Inc. (ADR) (NASDAQ: HIMX) STRONG breakout of resistance on volume confirmation. The triangle on chart represents a consolidation/rest after an advance. The breakout signals a continuation of the prior advance. As long as 4.75 holds, this breakout is in great shape.
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Astex Pharmaceuticals, Inc. (NASDAQ: ASTX) had good volume and a nice candlestick on friday. Daily technical indicators are bullish. The MACD is positive and has crossed above its signal. The RSI and slow stochastic have climbed above their 50% levels. Breakout watch over 4.58 
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Radian Group Inc (NYSE: RDN) had a nice surge a few weeks ago and has been consolidating that move since then. Looking good for higher prices, watch for break above consolidation area and go long.
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Vringo, Inc.(NYSEAMEX:VRNG) Rallied hard Friday on heavy volume. If it clears back over 3.43 (50-day MA), may have some good upside.
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Sprint Nextel Corporation (NYSE:S looks ready to make new highs. On the technical side, the chart looks very good here. MACD is positive and above its rising signal line. The 9 day and 20 day SMAs are both rising with the stock trading above them. Breakout watch over 6.22
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Active Network Inc (NYSE: ACTV) looks like it may have found a bottom already, keep on watch. 
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