ADI, LXU, MAKO, SREV Among Charts to Watch

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There are quite a few good looking charts, which means things are on the move again. So let’s take a look at some stocks on the long side and see how they are doing.

Analog Devices Inc. (ADI) had a key breakout out on 10 million shares on Wednesday, up 2.37 to 42.60, and got as high as 43.68, but backed off a little. It had a price-volume surge through a key level of resistance, and at this point, it would not be surprising to see this stock reach 47 – 48, the next trading target for ADI.

LSB Industries Inc. (LXU) has a beautiful rising channel and good technicals. It had a nice pop on Wednesday, up 1.93 to 43.72, and may have broken out of a little mini flag that formed. This stock looks like it could make it up to the 51 level, our next trading target.

MAKO Surgical Corp. (MAKO) had a big pop on Tuesday, and on Wednesday it was up another 1.20 to 28.59 on 1.3 million shares. If it can continue to move higher it has the potential to reach 33. That’s our next trading target for MAKO.

ServiceSource International, In (SREV) broke out of a little wedge that’s been forming. Although it did get up to 20.30 on Wednesday, it backed off to 19.25. Still, it was up 66 cents, or 3 1/2%. Potentially, it could reach 22 – 22 1/2, so let’s see what it does tomorrow and whether it gets additional follow-through.

Other stocks in our Charts for the Day are AVEO Pharmaceuticals, Inc. (AVEO), Avanir Pharmaceuticals (AVNR), Calix Inc. (CALX), China Techfaith Wireless Communication Technology Limited (CNTF), GTX Inc. (GTXI), Neoprobe Corp. (NEOP), Photronics Inc. (PLAB), RealD Inc. (RLD).