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ARM Holdings PLC (ARMH), which has come down in a nice orderly channel, bottomed earlier this month at around the 14 level, and since then has bounced up in a slow steady rising channel. Today it accelerated, gapping up and running 94 cents, or 6%, on 5.3 million shares, the heaviest volume in more than a month. It augurs well for more upside, and potentially, since we're through lateral resistance, we have a minor target at the top of this channel, up around 17 1/2, which may be reached as early as tomorrow. My trading target short-term is 20 1/2 - 21.

Kraton Performance Polymers Inc. (KRA), in a beautiful rising channel over the last several months, hit the top of that channel and then moved sideways for the last four weeks. Today, after holding support on a 3rd or 4th test and following up on yesterday's move, punched back through the 10- and 21-day moving averages, and appears headed for a test of near 28, the multi-year highs. A move through that should get us up toward 30, my short-term trading target.

Rex Energy Corporation (REXX) had a big pop today on heavy volume. It took out its declining topsline of the last six months, took out lateral price resistance as well at around the 11 range, and exploded up towards 11.89 before backing off. But still it closed up 1.05 gain today, more than 10%, on 3.3 million. That's the heaviest volume we've seen on this stock since January, and it augurs well for a run back up to test the Jan-Feb highs up in the 15-plus zone, my trading target on REXX.

Spreadtrum Communications Inc. (SPRD) had an excellent day today, exploding on over 5 million shares, up 13%, or 1.31. It's taken out its entire trading range and is setting up a run at potentially 13 1/2, my trading target short-term. Secondary target 16 1/2 and beyond.

Other stocks to view on Charts of the Day are Aruba Networks, Inc. (ARUN), Isilon Systems, Inc. (ISLN), LogMeIn, Inc. (LOGM), McMoRan Exploration Co. (MMR), MakeMyTrip Limited (MMYT), ReneSola Ltd. (SOL), Tibco Software Inc. (TIBX), and Trina Solar Ltd. (TSL).