ARNA failed to follow through to the upside off of the previous week's spike up rally (due to the Wells Fargo upgrade with a $53 objective) and close near the highs of the week and gave back over 80% of the gains to close on the lows of the week with further downside below last week's low at 34.82 expected to be seen this week. There was no news to cause the drop, suggesting that it was mostly technical in nature, having reached a decent weekly close resistance area at $40 that was built between September 2014 and July 2015 and with there being no close-by support built previously that the bulls could defend, the bears were able to push the stock down easily. Nonetheless, decent intraweek support will be found between 32.60 and 33.00 that comes from 2 strong spike lows that were made in October 2014 and January 2015 and from which rallies up to 49.05 and 62.80 were seen, respectively. There is decent and important weekly close support at 34.20 that could still be seen on a weekly closing basis next Friday, but not likely to be broken unless the fundamental picture has changed (not likely). By the same token, if the stock closes in the green next Friday, it is likely that the downside push seen last week will be over. There is no intraweek resistance above until the previous week's high at 41.92 is reached, meaning that if the support levels hold up, a recovery rally could be as swift to the upside as last week's drop was to the downside. Probabilities favor the bears for some further downside at the beginning of the week but the outlook for the end of the week is 50-50.

BHTG was able to technically generate follow through to the upside, having gone above the previous week's high at 5.48 and close above the previous week's close, both by 1 point. It was not follow through action that was convincing but then again considering the weakness seen the previous 20 weeks, it was somewhat of a positive statement. The 5.48 level on an intraweek basis remains resistance but with the stock now showing 3 highs at that level, the probabilities favor that resistance level getting broken. The stock is showing a clearly defined bullish flag with the flagpole being the 3-day rally from 3.90 to 5.48 and the flag being the action see the last 8 days down to 5.08. A convincing break above 5.48 will offer an upside objective off of the flag formation of 6.66, to be reached within 3 days of the break. Support is found at 5.08 and a bit stronger at 5.01. Above 5.48 there is no resistance until 6.30 is reached. Probabilities favor the bulls.

CCJ followed through to the upside after the previous week's reversal off of the 3-week downtrend with higher highs and a green weekly close. In addition and probably more importantly, the stock tested successfully on the daily chart the previous low at 9.15 with a drop this past week to 9.28, followed by the rally above the previous week's high, which in turn suggests that the chart is now fulfilled to the downside and that that traders will be exploring the upside. Minor resistance is found at 10.06, a bit stronger at 10.35, minor to decent at 10.68 and decent as well as mid-term pivotal at 11.68. Support is found at 9.28 and at 9.15. A break of 9.28 though, would likely generate additional new selling interest. Probabilities favor the bulls this week and also for the mid-term and for a rally up to the 200-week MA, currently at 13.25, to be reached within the next 6 weeks or less.

CLF made a new 10-month intraweek and weekly closing high this past week and closed near the highs of the week, suggesting further upside above last week's high at 8.88 will be seen this week. In addition, the stock confirmed the break of the 200-week MA (for the second time in the past 6 years) with a second green close in a row. The last break of the line (also for 2 weeks) occurred in February but on that occasion the second close above the line was on the lows of the week, suggesting that a failure signal might be given the following week, unlike the close seen on Friday. As such, this break seems to be more conclusive. To the upside, minor resistance is found at 9.99 and then minor to decent at 10.90. Decent and long-term pivotal resistance is found at 12.47. The outlook for the stock is for a rally up to the 10.90 level and then a drop back to at least 8.28 and perhaps even to test the MA, currently at 7.35, all of this to happen over the next 6-10 weeks. As such, consideration can be given to taking profits when the stock nears 10.90 and looking to repurchase below 8.30. Probabilities favor the bulls this week.

ENG generated a positive reversal week, having made a new 3-week low and then closing in the green and in the upper half of the week's trading range, suggesting further upside above last week's high at .92 will be seen this week. If that occurs, last week's low at .81 will become the required/needed retest on the weekly chart of the double bottom at .73 and give the bulls new ammunition to start exploring the upside. Mid-term pivotal resistance remains at 1.00 but if the bulls are able to get above .92 this week, it is highly likely that the 1.00 level will be seen. Above 1.00, there is minor resistance at 1.10 and then nothing until 1.24. Support is presently found at .79 but if the bulls are able to get above .92, support will then be found at .84 and at .87. Probabilities favor the bulls this week.

FCEL reported better than expected earnings and spiked up to make a new 9-week high. The stock did close in the upper half of the week's trading range, suggesting that further upside above last week's high at 2.17 will be seen this week. On a negative note though, the bulls were unable to generate a new 9-week weekly closing high above 2.02, having closed on Friday at 1.98, which in turn suggests the earnings report was not sufficiently better as to restart the uptrend without further backing and filling being done. The stock did close near the lows of the day on Friday, suggesting the first course of action for the week will be to the downside. Objective is likely to be the 200 10-minute MA, currently at 1.86. Further but minor support on the daily chart is found at 1.82. If those support levels hold up, the bulls will likely try to upside again. Resistance is found at 2.25 and at 2.31. If 2.31 is broken it will be a bullish statement. Decent and long term pivotal resistance is found at 2.49. Probabilities slightly favor the bulls for a close above 2.02 next Friday.

GCI remained within the bull flag that has been in place for the past 8 weeks but the stock did close on the highs of the week, suggesting further upside above last week's high at 11.90 will be seen this week. The stock closed on Friday within 4 points of the 17-month high weekly close at 11.88, suggesting that the probabilities favor the bulls for a breakout next week and a rally to the 12.40 weekly close resistance area, which is a major low weekly close that stood up to 14 months between June 2015 and August 2017. A weekly close above 12.40 would give a strong failure signal and suggest a rally up to at least the 13.92 level and probably more. Support is now found at 11.03 and at 10.90, that if broken would be a short-term bearish sign. The bullish flag formation presently in place, offers a 14.85 objective if the top of the flag at 12.37 is broken. Probabilities favor the bulls.

MNK generated a positive reversal week, having made a new 5-week low and then closing in the green and near the highs of the week, suggesting further upside above last week's high at 23.88 will be seen this week. If that occurs, last week's low at 21.99 will become a required/needed successful retest of the all-time low at 19.00, which in turn would likely generate new buying interest. Minor resistance is found at 24.20 and then short-term pivotal at 24.80 that if broken would suggest the gap up at 26.91 would be tested. A rally above 23.88 will make last week's low at 21.99 into a decent support level. Probabilities favor the bulls this week, given that the stock has now built a decent and supported bottom over the past 12 weeks.

WDC generated a positive reversal week, having made a new 5 week low and then turning around to close in the green and above last week's high at 83.00, suggesting that not only further upside above that level will be seen this week but that last week's low will become a successful retest of the 76.59 low but also the 2nd successful retest of the 200-week MA line. To the upside and on an intraweek basis, there is no resistance until 85.36 is reached. Further resistance is found at 85.63 and on a weekly closing basis, at the 200-day MA, currently at 86.75. The rally above the previous week's high generated a new buy signal, the first in the past 2 months, meaning that the stock is now poised to at least test the 200-day MA. By the same token, with the 2 successful retests of the 200-week MA and the indexes looking to continue higher, the probabilities are now shifting toward the stock getting above the 200-day MA and probably moving up to the $92 level where resistance is decent. Probabilities favor the bulls.