sharesmadeeasy

TSYS - Nasdaq.  TeleCommunication Systems, Inc has formed a Darvas Box at a new yearly high.  The stock is rising in price and beginning to trend well.  The large expansion in volume in late June plus increasing volume activity over the past few weeks suggests the buyers are very interested in this stock.  A breakout of the top of the box would signal a technical entry into this stock.

DSPG - Nasdaq.  DSP Group, Inc has formed a potential Head & Shoulder Bottom.  The On Balance Volume is rising, telling us that the buyers are coming back and resuming control of the share price.  The Head and Shoulders Bottom is a chart pattern that can signal the end of a downtrend.  Volume will have to sufficiently expand on the break of the neckline, if a successful trend reversal is to take place. 

TA - Amex.  TravelCenters of America LLC.  Another good example of a stock that has crashed from it’s ivory highs and now formed a very good base.  The On Balance Volume indicator is strong and rising telling us that the buyers are accumulating the stock.  Breakouts from formations such as this are known to produce large scale moves to the upside. 

NBIX - Nasdaq.  Neurocrine Biosciences, Inc.  After being smashed from it’s highs in the 70’s, this stock has bottomed out and formed a nice horizontal channel. On Balance Volume is begining to rise showing a sign of accumulation.  A breakout of the 6.00 resistance would signal a technical entry into NBIX.  The closure of the gap around the 10.00 level would be an ideal profit target for this trade.