Clearwire (CLWR)
I have had a recent obsession with this stock and rightfully so. Clearwire has made some monstrous moves since first recommended. The latest being a break of the current resistance with significantly strong volume. This spot should now turn into your support, entry with bounce or exit point should CLWR fall below.
AK Steel (AKS)
This stock has pretty much ran along side the fibonacci retracement, with a pretty nice bounce off the 38% line. Now we could see a possible price target of $21.82. If we get rejected at this level, then that could lead to a double top formation, which could mean hello $16. Obviously a break above would signify a new trading level.
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More on this topic
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Clearwire To Turn Up Las Vegas, Looks to Chicago, Dallas
(Telecom Ramblings, 7/7/09)
Clearwire To Unwire Texas
(Telecom Ramblings, 8/3/09)
(AKS) AK Steel Hikes Price – Neutral with a target price of $19
(Stock Blog Hub, 8/3/09)