Dr. Wish

A lot of the stocks I have been interested in   really moved up on Thursday.   Check out ARMH, PANL, RVBD, ILMN, all of which my stock buddy, Judy, has been interested in for months.   MIPS is another stock that Judy likes right now.   The weekly GMMA chart shows that MIPS is an RWB rocket stock, with the shorter moving averages (red lines) all above the rising longer term averages (blue lines). The “NA” symbol on the chart indicates that IBD recently wrote about MIPS in its New America column. (Click on chart to enlarge.)

The Worden T2108 Indicator registered 72%, indicating that 72% of NYSE stocks closed above their simple 40 day moving average.   Readings above 80% typically signal at least a short term top. ARMH, which I wrote about when it broke out from a cup with handle pattern has been very strong.   Check out the weekly GMMA chart for IPGP.   It clearly has an RWB pattern with all of the short term averages (red lines) well above the rising longer term averages (blue).

AIXG was a ten bagger in 2009.   It then consolidated for a year and recently broke out from what may be a powerful flag pattern.   Check out this monthly chart of AIXG.   This stock, which also has triple digit earnings increases,   should be watched closely for an entry.