LEDS

SemiLEDs Corporation (NASDAQ:LEDS) The stock continues to impress and should be one to watch going forward. A break of Friday's highs could send it to $10 and better. If we get an upward break of the bullish flag on the hourly chart, we will probably see a rally that takes us to the recent highs. On the other hand, and in terms of managing risk, a price move below the support of the flag formation may be used as the stop-loss. Long setup on watch.