ARNA generated a positive reversal week, having gone below the previous week's low and then closing on a new 33-month high. The main reason for the rally was the announcement that the Phase 1 results of one of their main drugs was positive. The stock closed on the highs of the week and further upside above last week's close at 43.37 is expected to be seen this week. On an intraweek basis, there is very minor resistance at 45.70, minor at 47.40, minor to perhaps decent at 49.05 and decent 51.20. On a weekly closing basis though, minor to perhaps decent resistance is found at 45.00 and again at 48.10, minor to decent at 51.20 and decent at 54.30. Support on both an intraweek and weekly closing basis will be decent between 39.25 and 40.84. Probabilities favor the stock heading up to the 49.00-51.00 level on an intraweek basis but the weekly close resistance will be dependent on how good the traders feel the fundamental prospects for the drug are. As such, next week's close will give some indications. By the same token, the probabilities favor the stock trading between $40 and $50 for the next 3-6 months, meaning that any rally above $50 should be considered for taking profits. Probabilities strongly favor the bulls this week.

BHTG had an uneventful week, trading within the previous week's trading range. Nonetheless, the stock closed on the lows of the week and further downside below last week's low at 4.27 is expected to be seen. There is minor to perhaps decent intraweek support at 4.20 and if the bulls do go below last week's low but the 4.20 level does not break, a successful retest of that support will have occurred and a rally could then begin. Intraweek resistance is found at 4.65 and then pivotal at 5.14, especially given that the 200-day MA is currently at 4.95. Any daily close above 4.50 would be seen as a positive. Any daily close below 3.92 would be seen as a negative. Probabilities very slightly favor the bears this week.

CCJ generated a negative reversal week, having gone above last week's high and then closing below last week's low, suggesting further downside below last week's low at 8.79 will be seen this week. Short-term pivotal support is found at 8.34 and short-term pivotal resistance is found at 9.48. The mid-term chart (4 months) is showing a triangle formation that if broken would likely generate a strong move in either direction. To the upside the line of the triangle is presently at 9.59 and on the downside it is at 8.43, all based on weekly closes. Probabilities favor more choppy action this week but still staying within the trading parameters seen recently.

CLF generated a positive reversal week, having gone below the previous week's low and then above the previous week's high and closing in the green and near the highs of the week, suggesting further upside above last week's high at 8.17 will be seen this week. The reason for the reversal was mainly because of the announcement of the import tax on Steel and Aluminum. As an ore producer, increase in prices is a positive for the company. On an additional positive note, the low for the week was at the 200-week MA, currently at 6.95, meaning that if the stock does go above Friday's high next week that a successful retest of that line will have occurred. With this being the 3rd break above the line that had been in place of 5+ years, it does suggest that the long-term downtrend is now over and that a decent short-covering rally will occur. Minor to decent resistance is found at 8.77 and decent as well as pivotal at 9.15. It is highly likely that the 8.77 level will be seen this week and the probabilities are starting to favor a breakout of consequence with a break of the 9.15 resistance level. Minor to decent, as well as short-term pivotal support is now found at 7.03. Trend setting support is now at 6.30, meaning that if broken the potential rally will end. Probabilities favor the bulls.

ENG continued to trade within the trading range seen the last 17 weeks between .73 and .95 cents. It is not expected that there will be any changes this week as the traders are likely to wait for the earnings report that comes out on March 15th. The stock did close on the high of the day on Friday and further upside above Friday's high at .82 is expected to be seen. Resistance is found at .87 that if broken would suggest the top of the trading range at .95 would likely be seen. Pivotal intraweek support is found at .73. Probabilities very slightly favor the bulls this week.

FCEL continues to tread water as it has done for the past 16 weeks, trading between 1.45 and 2.17. Nonetheless, the stock now shows 3 successful retests of the 200-day MA, currently at 1.62 and if the bulls are able to get above Thursday's 1.73 high, some new buying interest will likely be seen. Something is likely to happen this week as the company reports earnings on Thursday morning and the last earnings report was positive and generated a 21% rally. The earnings that were reported in January were -$.17 and that is the same that is expected this quarter. Anything better than that would be a positive. Off of the last earnings report, there were a couple of upgrades that gave a $3 and a $4 upside objective. The bulls have not been able to generate that kind of buying but if the report is better than expected, the bears may start to cover their shorts. Pivotal support is found at 1.45. Short-term pivotal resistance is now at 1.84. Probabilities slightly favor the bulls this week.

GCI bulls failed to follow through on the stock's close near the highs of the week the previous week and ended up having an inside week with a lower weekly close. Nonetheless, the stock now shows a double bottom on the daily chart at 9.92 and a close on the highs of the day on Friday, suggesting the first course of action for the week will be to the upside above Friday's high at 10.53. If the bulls are able to get above 10.81 a buy signal will be given even though what needs to happen is for the gap between 10.88 and 11.18 be closed to ensure that the negatives have gone away. Support is now decent at 9.92. Probabilities slightly favor the bulls.

MNK reported better than expected earnings and rallied 26% from the previous day's close. Nonetheless, the bulls were not able to maintain the rally and within a couple of days, the stock had given up all of its gains and tacked a 5% loss. The bears though, were not able to make a new all-time low and the stock did bounce up on Friday to generate a green weekly close, suggesting that the earnings report was not a game changer but was likely good enough to end the downtrend and likely determine that the bottom is now found at 15.27. If that is the case and it is confirmed next Friday with another green close (and no new intraweek lows), a short covering rally to the all-time low weekly close at 21.22 is likely to occur. Minor to perhaps decent support is found at 15.27 and minor at 15.41. To the upside and on an intraweek basis, minor to perhaps decent resistance is found at 17.33 and then minor at 17.60. Above that level, there is no intraweek resistance until last week's high at 21.95 is reached. On a weekly closing basis though, resistance will be found at 21.22. Probabilities favor the bulls this week. A daily close above 16.80 should bolster the stock for a run up to 21.22.

RENN generated a negative reversal week, having made a new 4-week high but then closing in the red and below the previous week's low, as well as slightly in the lower half of the week's trading range, suggesting a slightly higher probability of going below last week's low at 8.80 than above last week's high at 9.75 is in effect. On a positive note though, the stock generated a positive reversal day on Friday, having made a new 11-day low and then going above Thursday's high and closing in the green and near the highs of the day, suggesting the first course of action for the week will be to the upside. The stock was in need of a retest of the major low at 8.45 and last week's drop will become that retest if the stock gets above 9.75 this week. If that occurs, the chart will be fulfilled to the downside and new buying interest will likely be seen. Support is now minor to perhaps decent at 9.01 and if seen but not broken, the bulls will gain the edge. Resistance is minor to decent at 9.75 but if broken it would be a decent positive. Probabilities slightly favor the bulls.

WDC generated an unconvincing negative reversal, having gone above the previous week's high and then closing in the red but in the upper half of the week's trading range, suggesting a slightly higher probability of going above last week's high at 89.93 than below last week's low at 86.03. Nonetheless, the red weekly close does make the previous week's close at 89.14 into the 3rd successful retest of the 21-month high weekly close at 94.82, which means the stock is still technically in a downtrend. In the daily chart, the stock is showing a possible bullish flag formation with the flagpole being the rally from 77.90 to 89.93 and the flag the trading range the last 4 days down to 86.03. A break above 89.93 would offer an objective of 98.94, meaning that a stop loss at 90.35 should now be put on. One big key for this week will be the 200-day MA, currently at 86.60. If the bears can generate 2 closes in a row below the line they will gain the edge. Nonetheless, as long as the stock is trading above the line, the bulls have the edge. Probabilities favor the bulls.