AGYS, CHRS, HIL, IPSU Among Charts to Watch

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The market was mixed on Thursday, but there’s still a lot of stocks that we’ve been following that are trending and doing nicely. So we’ll take a look at some of those.

Agilysys Inc. (AGYS) has had really beautiful action the last three sessions. If formed a coiling base pattern, and then a breakaway gap that exploded this stock a couple days ago before it backed off. It had an inside day Wednesday, and then opened strong on Thursday at 6.99. It ran all the way up to 8.29, closing at 7.99, up 1.00, or 14.8%, on 815,000 shares. It has strong momentum and could continue to move higher. Short-term target is at 9.00, intermediate target is in the 10 1/4 – 10 1/2 range.

Charming Shoppes Inc. (CHRS) had a explosive move in March, a six or seven week pullback type channel, and then exploded on Thursday for 53 cents, or 13.7%, on 5 million shares. That’s the biggest volume since last October. It looks like this stock is going to move up fast and take out the 4.93 area, and then 6.00, which is the next trading target for Charming Shoppes.

Hill International, Inc. (HIL) had a big day on Thursday after it received a huge contract from TRAC Development Group, a South Korean real estate developer, to provide project management and construction management services in connection with a major housing development in Iraq. It gapped up and ran all day on Thursday running from 4.25 all the way up to as high as 7.38 before closing at 6.93. It was still up 2.57, or 58.9%, on nearly 6.1 million shares. By far the biggest volume this stock has ever seen going back several years. It could move higher to test key resistance up around 8.00 short-term. If that’s taken out, intermediate zone is at 10 – 10 1/2.

Imperial Sugar Co. (IPSU) has moved steadily higher since March when it was trading around 10 1/2. It’s nearly doubled since then up 1.69 to 19.36, or nearly 10%, on Thursday on good volume. It spiked up in early May, formed a flag in the last six or seven sessions, but more importantly, when it began to run on Thursday, it popped out across a 3 1/2-year resistance line. The next target is in the 23 range short-term.

Other stocks in our Charts for the Day are Affymetrix Inc. (AFFX), BioScrip Inc. (BIOS), Brocade Communications Systems, Inc. (BRCD), Glu Mobile, Inc. (GLUU), Complete Genomics, Inc. (GNOM), GTX Inc. (GTXI), Quepasa Corp. (QPSA).