Tuesday, May 27, 2014

IDTI - Breaking Higher....above the old shoulders

Purchased today at $13.01. Another nice move up for IDTI, Integrated Device Tech, moving above and holding over $13 today. Reaching above the shoulders of the previous head and shoulders pattern (circled) and also holding above those pesky whole dollar values that tend to provided some resistance. If we can blast the previous highs it will be onward and upward. Again, the weekly chart is providing some nice confirmation of the upwards trend.



BKD - Brookdale Senior Living is Busting Out

Purchased at $33.14 today. Things are looking up for retirement living company BKD, boldly breaking through $32.50 and holding there today, next stop are the previous highs in the $34.50 range. Breaking above a continuation/consolidation period bodes well for the stock to follow the previous trend... which was up. The volume is not great, but all else looks good. the weekly chart below helps to fill in the picture with the uptrend still nicely intact.