Weekly Watchlist

Gerdau S.A. (GGB): Perfect double bottom pattern completion on the breakout last session. Friday would have been an excellant time to buy, but for those of us who missed it, I think Monday offers a good entry point as we will likely see a few follow through days.

FMC Technologies, Inc. (FTI): Double bottom breakout and ascending triangle breakout. What could be better than that? Looks like we will make a run towards $66 where we will be looking to take profits. For those of you who like using stops I would set a stop around $60.08.

Core Laboratories NV (CLB): Broke an important resistance level last session intraday, but failed to close above it. Good entry point would be $130.05.

Compania de Minas Buenaventura SA (BVN): Price starting to consolidate. A good entry point for a long position would be $71.25. If this fails a good entry for a short position would be $66.50. These symmetrical triangle patterns are my favorite patterns to trade because they are the most reliable. Breakouts usually see several follow through days, as do breakdowns.

Meridian Bioscience Inc. (VIVO): Double bottom pattern is almost complete, just need to get through resistance. Good entry point would be $35.50, which would give us a price target of $40 where we would look to take profits.

Quicksilver Resources Inc. (KWK): Nice breakout last session to new highs.

Transocean, Inc. (RIG): Broke an important resistance level Friday, but failed to close above it. A good entry point would be $145.95.

Bois d'Arc Energy Inc. (BDE): 8 out of the 9 last sessions BDE has finished higher. Starting to look a little overextended here, so keep your tights stop. If this stock is weak tommorow morning I will avoid and look for some consolidation to prior support.

Telefonica SA (TEF): Trying to break resistance. Good entry point would be $91, from there we will most likely fill the gap.

Petrohawk Energy Corp. (HK): A stock you may want to consider due to all of the buyout rumors. Lots of calls changed hands last session. Najarian recommended it on Fast Money, and has a member of OptionMonster I can honestly say that Najarian knows what he is talking about.