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DMLP - Nasdaq.  Dorchester Minerals, L.P. has formed a potential Pennant Up following three days of strong rising prices accompanied by large volume.  The best Pennants to trade are often those that form tight and fast following a good breakout.  As is the case with any chart pattern, the volume must expand on the breakout with a decisive closing price above resistance.  Measurable target based on the height of this formation is around the $42.00.

BUD - Nyse.  Anheuser Busch Cos, Inc. has formed a Darvas Box entry at an all time high, following two large expansions in trading volume.  Strong rising OBV shows the buyers well in control of this stock.  A breakout of the top of the box would constitute a valid entry into BUD.  Stop loss a tick or two below 59.00 should be used to protect the position.

ANPI - Nasdaq.  Angiotech Pharma Inc has formed a Head & Shoulders Bottom after a long down slide from highs near $30.  OBV is beginning to turn around which suggests the stock is no longer being sold off.  Again, I’d like to see a bit more volume on the breakout, perhaps 2m or more to confirm the validity of the pattern.  There’s a big gap to fill around the 7.50 so could get interesting.

AMSC - Nasdaq. America Superconductor has formed a Darvas Box following a large expansion in volume. Strong rising OBV and recent increase in volume activity suggests the buyers are very interested in this stock. A Buy on a break of 45.50 with stops just under the 39.50 low.

FRPT - Nasdaq.  Force Protection has completed a Head and Shoulders Bottom after breaking out above resistance yesterday.  I would like to see the volume expand more, perhaps to around the 3-4m before getting involved.  There’s a lot in favor here - OBV is rising since the March low implying the buyers have resumed control of the stock.  The target price for the pattern is around 9.00 and there’s a pretty big gap to close around the 15.00 so a good stock to keep an eye on.

ACOR - Nasdaq.  Acorda Therapeutics has formed a Darvas box entry at a new high following a large expansion in volume.  Rising OBV shows us the buyers are in control of this stock.  A breakout of the top of the box ($33.00) would constitute a valid entry.  A tight Darvas stoploss should be placed just below the $29.00 and raised up after a valid breakout occurs.

ROYL - Nasdaq. Royale Energy has formed a Flag Up following a sharp rise in price on a large increase in volume. The pattern has a measurable target price of around $15 that can be obtained by adding the height of the flagpole ($5.50) to the potential point of breakout ($9.50).

CWTR - Nasdaq.  Coldwater Creek Inc has been bottoming for most of this year after being sold off from its highs near $30.  The buyers are now coming back as can be seen by the turn around in the OBV since mid January 08.  A health sign of early accumulation taking place.  A breakout of 7.00 on increased volume, perhaps ~ 10 or 15m would constitute an entry.  Has gaps to fill at around $11 and the $17 so a lot in favor here for the medium or long term.

ZOLL - Nasdaq.  Zoll Medical Corp has formed a Darvas box near a previous historic high.  The stock is rising in price and the buyers are well in control here as can be seen by the strong, rising OBV and recent volume expansions.  This suggest a likely further move to the upside.  A breakout of the box on expanded volume would certainly signal an opportunity to become involved in this stock.  Potential target price of around $54.

PBR - NYSE. Petroleo Brasil SA Petrobras has formed a Darvas box entry at an all time high following a recent volume spike we had in April.  The buyers are well in control of this stock as can be seen by the steadily rising OBV.  Using the Darvas Trading Method, I would place a buy stop order to purchase the stock if it breaks out of its box, above the 77.61 high.  I would place a tight Darvas stoploss just below the box, around 67.50 to protect the position.