Trade Ideas: GTK, EMC, XEC, SWX, NKE, LNG, RTU, OPNT

Only the first stock on the list, GTK, featured on the Channel Scan. The remainder were drawn from the Base Scan.

GTK: Hugging the 50-day MA. Watch for break of $33.50. Point-n-figure target of $57 looks interesting.

EMC: Sneaking a move over the 200-day MA (but after a 'Death cross' in the 50-day/200-day MAs. Short term move to watch for is a test of $14.50 resistance. Stops on a loss of $13.50

XEC: Bounce of $40 looks to be holding at the 50-day MA. Next advance should be to test $48 resistance. Stops on a loss of the day's lows

SWX: Consolidated yesterday's gains, holding the upper range from yesterday's trading - bullish. Breakout buyers will be waiting for a close over $28 before acting. Stops on a loss of $27.50

NKE: Approaching $88 resistance. Broad, symmetrical triangle on the weekly chart. Projected move is for $108. Point-n-figure target of $100 is a logical intermediate term target (3 weeks-6 months).

LNG: Flat(ish), rounding bottom, covering 2 1/2 months, has worked itself into a small handle. Look to buy a closing break of $41.60. $47 price target - but this is part of a 16-month ascending triangle (which has a target of $55).

RTU: Has already moved out of its base. It will be important to hold a close over $18.90. A trend rider.

OPNT: Volume action in afternoon trading. Looking to complete a sideways consolidation from the last couple of weeks. Weekly chart shows a lengthy sideways consolidation following a fall from $22 in 2004. Investors merits.



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