Thursday's selection of 8 stocks took 27 minutes to appear, and the last one on the list looks to have reversed soon after it reached the parameters I had set for the scan, over the course of the 27 minutes.

TLGD: Convergence of 20-day and 50-day MA should strengthen support. Unfortunately, the stock has formed somewhat of an erratic base in the $9.50-$12.00 range. Best to wait for break of $12.00, or buy aggressive on the next drop to $10. Current buyers should run a stop on a loss of $10.75.

MTD: Tuesday's shooting star needs to be watched. The stock did find support upon closing the breakout gap, and Thursday's inside day should favor the bulls. Stop on a loss of $59, look for a move to $67.

CVP: Inches up on light volume. Previous area of supply ($12.75) should be good support. $13.10 proving to be a bit of a stickler, but can enter here with relatively low capital risk. Buying a sizable (or more importantly, selling) position could be tricky.

KVHI: $11.50 is the wall to bust. Good support at $10.50 and this is where stops can go. Weekly chart shows a long base, but a break of $12 should see this fly. One to watch.

GD: Hugging the 200-day/40-week average. Buy tests of this line, put stops below the line. Weekly chart looks a little tired, but the trend remains up.

TMNG: Buy break of $2.80 as part of a 4-month cup-and-handle base. Liquidty could be a problem, so look to this as a pocket money play. Weekly chart marks $2.80 as resistance, and has contained the current base for over 18-months. $5.75 is the point-n-figure target, and the next area for resistance.

MED: Holding support of $6.00, as the 50-day MA fast approaches the 4-day decline. Weekly chart shows a 7-month cup-and-handle, with a projected target of $10.50. Reasonable risk:reward here.

CMD: Made the grade for the scan, and lost it soon afterwards. For the purposes of my analysis I use the 8 most recent stocks - but other than support at the 50-day MA this is looking a little sketchy. Wait for break of $5.30.

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