SPY closed near highs again Wednesday as the dip got bought on FOMC news.
Names on watch for Thursday:
AMBA- consolidating for two days now. See if it breaks over it's trend line around $52.
OCN- Big pop at the open and then a big pull back to it's trend line. Looking for the tl to finally break down.
VFC- High, tight flag. Overbought and on the edge of the bollenger bands. Looking for a break down with a weak market.
FEYE- Another overbought name for a break down below $43.25.
VHC- Continuation of today's run. $6.50 is a resistance area. A break over that could really send it flying.
ARRS- Up big today before earnings. Earnings beat out after hours. Looking continuation over the 2odma.
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