Lunch Time Update at 2006-03-22 12:07:08

AXYX - $1.20, down .01, on low volume. Range has been $1.18 to $1.24. Well, despite the great looking chart we saw from last night, the stock is consolidating today. I think in the short term we can afford a day like this. Hopefully, tomorrow the stock resumes it's upward trend. If not, this one may be dead money for the near term. We'll see how this plays out for the rest of the day. There is still a shot we'll get a rally by the close, but we'll need to see some more volume though. Support and resistance are still at $1.18, and $1.25, respectively. MZ - $1.54, up .02, on low volume. Range has been $1.52 to $1.56. The stock moved beyond yesterday's late day resistance at $1.52, and into the $1.55-.59 area, as expected. There is a good chance it will trade in this range for the rest of the day, and we'll have to wait till tomorrow to see a break into the $1.60's. The next target is the 200 DMA at $1.63. SGEN - $5.38, down .15, on below average volume. Range has been $5.37 to $5.58. It looks like this stock will be consolidating today as well. I will try and pick some up this afternoon. So far the stock has not traded below yesterday's low, which is good. However, the main thing is for it to stay above the 200 DMA at $5.31. Resistance is still at $5.60 on the way up. SPSC - $.96, unchanged, on very low volume. Range has been tight at .96 to .98. Not much happening here again today. So far it has had inside day. I do not look for too much to change. If the stock were to go above .99, or below .95, that will probably indicate our future direction. There has not been any news for the stocks that we follow, so far today. NOTE: Stay tuned for another stock that will be added to the list shortly.....
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