Fallen leader testing the upper trend line with in this descending channel.
October 16, 2011
GNC
I am not sure if Friday's move would have been considered a pocket pivot. But it cleared its 10/21 day moving averages on its highest up volume since its IPO and with in it's sideways movement. Worth watching for a break out here.
INFA
Soaring thru its 10wk moving average, and approaching its 21/34wk moving averages. Worth eyeing and keeping on the radar to look for a pullback entry or flag.
MELI
Keeping this fallen leader on the watch list to see if it bottomed out and can bust out of this descending channel.
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