Stock Watch Week of 4/23/07

Reversals: ISIS CVBT APTM SOEN ABAT SQNM

Breakouts: SCON TERN ICOG XFN MDII OXGN MNCP SAIA OLED HNAB ORCC

Continuations: EGR SMTL GTRE HYTM HTRN ASXSF SYMM GERN TARR


Here's the chart of Semitool Inc, SMTL. This stock gained 3.71% on Friday to reverse its previous downward trend.

Some recent news can account for Semitool's current oversold condition - 1. they recently cut their Q2 revenue outlook and 2. they were downgraded from a buy to a hold by A.G.Edwards.

Back in late January 07, SMTL reversed a similar downward trend off of the lower bollinger band to make a 27% gain in two weeks. The current chart & indicators are similar to their late January setup however, an earnings call is scheduled for Tues 4/24.