By Harry Boxer
There are still a lot of good-looking charts on the long side, so let's take a look at some of those.
Adept Technology Inc. is a stock we spotted on a breakout in September when it was under 6.00. It continues to move higher, up another 1.36, or 11.6%, to 13.05 on Tuesday, on 829,100 million shares. That's one of the biggest days all year. The stock moved out of the falling wedge on Monday, and on Tuesday it moved through the recent high at 12.50. There may be a little bit more coming on the upside. The angle of ascent shows potential at about 14.00, and if it gets through that, it could spike up to the 15.00-16.00 range. This is a stock in motion, with good volume and good technicals.
Check out Harry’s video analysis of this stock on the last page.