10 crushed stocks that look to be rebounding - Timothy Sykes

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10 crushed stocks that look to be rebounding
Apr 24, 2008 10:47 AM UTC

Timothy Sykes

Return	Risk
-21.70%	MID

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Symbol	Sentiment	Start	Return	Closed
LFC		04/24/08	+18.42%	--
ANAD		04/24/08	-68.70%	--
S		04/24/08	-70.22%	01/15/09
CERN		04/24/08	+65.72%	--
BRCM		04/24/08	+0.26%	06/23/08
TQNT		04/24/08	-6.90%	--
RJF		04/24/08	-18.45%	--
SWKS		04/24/08	+54.43%	--
LVLT		04/24/08	-52.28%	--
RFMD		04/24/08	+51.82%	--

Via BloggingStocks:

Filed under: Good news, Sprint Nextel Corp (S), Broadcom Corp'A' (BRCM), Technical Analysis, Level 3 Communications (LVLT), China Life Insurance ADS (LFC), Stocks to Buy

Way back in early March I highlighted 10 horrifically downtrending stocks and said not to even think about buying them until they broke their nasty trendlines to the upside.

Over the past few weeks, many have displayed solid sideways price action, but it wasn't until yesterday that the high volume breakouts occurred. I'm talking about those 50+ million shares traded, 10%+ price surges beautifully accomplished by such popular names like Sprint Nextel Corp (NYSE: S), Broadcom Corp (NASDAQ: BRCM) and Level 3 Communications Inc (NASDAQ: LVLT).

Unsurprisingly, several other stocks also showed similarly strong price action:

RF Microdevices Inc (NASDAQ: RFMD)
Anadigics Inc (NASDAQ: ANAD)
Skyworks Solutions Inc (NASDAQ: SWKS)
Triquint Semiconductor Inc (NASDAQ: TQNT)
China Life Insurance Co. Ltd (NYSE: LFC)
Raymond James Financial Inc (NYSE: RJF)
Cerner Corp (NASDAQ: CERN)

Continue reading 10 crushed stocks that look to be rebounding

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