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Short Setups For Tuesday

February 07, 2011 – Comments (0) | RELATED TICKERS: CPWR , VMED , VMW

Should this market head lower, which I believe (as I've said multiple times of late) will this week, then here are seven short setups to get you started tomorrow. Here are the nitty-gritty and quick reasons for each setup. 

Anadigics (ANAD) - Nice downtrend in place, with tight price consolidation, and poised for a breakdown. 

SEI Investments Company (SEIC) -  Bear flag on light volume. Rally to resistance. 

Compuware (CPWR) - Another nice bear-flag play.

Vmware (VMW) - And another bear flag. Price unable to escape above the 50-day moving average with a head fake as well. 

Panera Bread (PNRA) - Nice downward trend in place, and evening star candle pattern. 

Virgin Media (VMED) - Double top and light volume rally back to price resistance. 

Virnetx Holding (VHC) - Another downward trend in place, and unable on three straight days to break above it. 

Here are the Charts for Each.