06/09/10 - http://www.TheTechTrader.com - Bio-Rad Laboratories, Inc. (BIO), which had a big move up March of last year when it was down to the 50 range to over 120, came down suddenly and thrust to the downside hard in early May. Today's action down another 1.78 takes it below its lateral price support. This stock could begin to fall away here. Initial target 78, secondary target around 70. Diamond Offshore Drilling Inc. (DO) has stair-stepped its way lower since May. Today it was up sharply in the morning up to 61, and closed at 57.09, up only 15 cents. It had a negative reversal intra-day, which potentially we could see some lower prices. MicroStrategy Inc. (MSTR), topping, cracking, rallying back to resistance but cannot get through it. It looks like the lateral resistance line near the declining topsline and moving average is starting to collapse. We could see something down in the low 60s, my next trading target. WellPoint Inc. (WLP), which topped and cleared this year, cracked early in May, formed a little bear flag in the 52.32 area. A new down trend under way as the moving averages have rolled over and it's headed south. A test of 45 may be forthcoming. That's our trading target. Other stocks on Charts for the Day are: British Petroleum (BP), CONSOL Energy Inc. (CNX), Dril-Quip, Inc. (DRQ), IPC The Hospitalist Company, Inc. (IPCM), MicroStrategy Inc. (MSTR), NCI, Inc. (NCIT), iPath S&P GSCI Crude Oil Ttl Ret Idx ETN (OIL), Transocean Ltd. (RIG), Telvent Git S.A. (TLVT), Unisys Corporation (UIS), Visa, Inc. (V) - http://www.TheTechTrader.com - Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
