Thursday’s Top Stocks From TradersWire

The Semiconductor Sector
index staged the afternoon rally
, and it formed a bullish tail. Watch
out the old rising trendline. It may become a resistance.

Affymetrix (AFFX) followed through to the upside, and it closed near the
day’s high. Volume was heavy.

Although it traded below its 20-day SMA (simple moving average) most of the day,
the Nasdaq Composite index managed to finish above a declining channel. On the
other hand, the Dow Jones Industrial Average is still trapped inside of a range.

Now three stocks for Thursday:

Boeing (BA): In spite of Tuesday’s bearish bar, the issue did not follow
through to the downside. Notice BA shaped an inside bar. Long BA if it takes out
64.45. The initial target is near 66. Risk 50-75 cents.

National Semiconductor (NSM): The stock is forming a flag, and we are
looking for a breakout. Long NSM if it trades above 21.15. The initial target is
the June 9 high (21.70). Risk 30 cents. The second target is 23.

Quicksilver (ZQK): The issue is pulling back to near a rising trendline.
Long ZQK if it moves above 16.20. Target is 17.20. Risk 40-50 cents.

If you have questions, feel free to
them to me.