AMED, DGW, GPN, OII Among Our Boxer Shorts to Watch

Charts of the Day for Mon Jul 26th 2010
by Harry Boxer, www.TheTechTrader.com
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Tonight we review some of our Boxer Shorts.

Amedisys Inc. (AMED), which continues to get hammered, dropped from the mid 60s down to the low 20s just in the last 3-4 months or so. It may be in an area of long-term support that could bounce this stock back. A rally back towards the 26 3/4 to 28 zone, if it comes on low volume with poor technicals, might make us reconsider shorting it.

Duoyuan Global Water Inc. (DGW) has been in a nasty decline and down-channel since it broke in January when we put it on our Boxer Shorts list. This stock has subsequently dropped in half, from 33 about to under 17 down near 16 1/2. It bounced back, so far only making it to the declining top and moving averages with extremely non-responsive technicals. I'd look for it potentially to rollover at lower levels and get to the mid-teens.

Global Payments Inc. (GPN) snapped back to the declining tops line and moving average with non-responsive technicals. It's now at the top of the channel and near lateral price resistance. A move down from here could retest the 35 1/2 level, maybe get as low as 33 1/2, my trading target.

Oceaneering International, Inc. (OII) is forming a big wedge underneath the breakdown point. It bounced back 3 times, and is in a zone where if it breaks down here in the 49.15 area it could get clobbered for a retest back to 39-40 at the very least.

Other Boxer Shorts covered in our video are Almost Family Inc. (AFAM), Cerner Corp. (CERN), CareFusion Corporation (CFN), Computer Sciences Corporation (CSC), Quest Diagnostics Inc. (DGX), Diamond Offshore Drilling Inc. (DO), FTI Consulting, Inc. (FCN), Gilead Sciences Inc. (GILD), JDA Software Group Inc. (JDAS), Jinpan International Ltd. (JST), MedcoHealth Solutions Inc. (MHS), QLogic Corp. (QLGC), Research In Motion Ltd. (RIMM), Student Loan Corp. (STU), SolarWinds, Inc. (SWI), and Stryker Corp. (SYK).

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