(NASDAQ:GIGM) has lots of value, however the weak market is pushing the stock down. It has made a new 52 weeks low on Wednesday, but a last-minute rally helped it close at $2.78. The technical daily chart shows possible rally as K line is back above D line. Volume is shrinking which usually indicates the stock is going to make a move, I suspect it will make a move to the upside.

Now that K line is on top of D line again MOT should enjoy a fresh new rally. In addition with stock back above 200 day MA we should see more buyers coming back.

Looks like a falling wedge ready to break out to the upside. Some positive divergence starting to show in the chart. In addition, the technical daily chart shows possibility of new rally as K line is on top of D line again with stock back above 5 day moving average. The stock overall is still weak as 50-day moving average is still below 200-day moving average but this may finally be the time for the stock to reverse its trend.

Other stocks to watch :

Stocks that have a Bullish Engulfing pattern at the end of their daily chart

(NYSE:JPM) - JP Morgan and Co Inc
(NYSE:WFC) - WELLS FARGO & CO
T - AT&T Inc
(NASDAQ:QCOM) - QUALCOMM Incorporated
(NASDAQ:ATVI) - Activision, Inc.
(NYSE:KEY) - KEYCORP
(NYSE:USB) - US Bancorp
(NYSE:XRX) - XEROX CORP
(NASDAQ:DTV) - Directv A
(NYSE:UNH) - UNITEDHEALTH GROUP INC
(NASDAQ:PALM) - Palm, Inc.
(NYSE:STI) - SUNTRUST BANKS INC
(NASDAQ:ERTS) - Electronic Arts Inc.
(NASDAQ:MRVL) - Marvell Technology
(NASDAQ:BRCM) - Broadcom Corporation
(NYSE:BK) - Bank Ny Mellon
PBR.A - PETROLEO BRASILEIRO
(KBE) - SPDR KBW BNK
(NASDAQ:CIEN) - CIENA Corporation
(NYSE:WAG) - WALGREEN CO
(NASDAQ:AMTD) - TS Ameritrade Holdings
(NYSE:LEN) - LENNAR CORP
(NYSE:SY) - Sybase Inc
(NYSE:ADM) - ARCHER DANIELS MIDL
(NYSE:STT) - STATE STREET CORP
V - VISA Inc
(MXIM) - Maxim Integrated Pr
(NASDAQ:KLAC) - KLA-Tencor Corporation
(NYSE:PNC) - PNC Financial Services
(NYSE:TLM) - TALISMAN ENERGY INC
(NYSE:PGR) - PROGRESSIVE CORP
(NYSE:HOG) - HARLEY DAVIDSON INC
(NYSE:DRE) - DUKE-WEEKS REALTY CORP
(NASDAQ:ATML) - Atmel Corporation
(NASDAQ:LINTA) - LIBERTY MED INT A
(NASDAQ:CPWR) - Compuware Corporation
(NYSE:PH) - PARKER HANNIFIN CORP
(NYSE:CB) - CHUBB CORP
(NYSE:CY) - Cypress Semiconductor
(NYSE:HUN) - HUNTSMAN CORPORATION
(NYSE:NCR) - N C R CORP
(NYSE:WLT) - Walter Energy
(NYSE:CAR) - Avis Budget Group Inc
(NYSE:AIV) - Apartment Investmen
(NASDAQ:GENZ) - Genzyme General
(NASDAQ:ISIS) - Isis Pharmaceutical
(NYSE:BXP) - BOSTON PROPERTIES INC
(NYSE:CNW) - C N F TRANSPORTATION
(VTI) - Vanguard Total Stock
(NYSE:COV) - Covidien Plc
(NYSE:JEF) - JEFFERIES GROUP INC
(NYSE:OSK) - Oshkosh Corp
(NASDAQ:IACI) - IAC InterActiveCorp
(NYSE:BEN) - FRANKLIN RESOURCES INC
(NYSE:HBC) - HSBC Holdings PLC
(NYSE:CCI) - Crown Castle International
(NASDAQ:CTAS) - Cintas Corporation
(NASDAQ:ESRX) - Express Scripts, Inc.
(NYSE:CBL) - CBL and Associates
(NYSE:ANH) - Anworth Mortgage As.
(NYSE:AGN) - ALLERGAN INCORPORATED
(NASDAQ:INFY) - Infosys Technologies
(NASDAQ:FULT) - Fulton Financial Co
(NYSE:CS) - CREDIT SUISSE GROUP
(NASDAQ:FISV) - Fiserv, Inc.
(NYSE:MFE) - Network Associates
(NYSE:TCB) - T C F FINANCIAL CORP
(NASDAQ:EWBC) - East West Bancorp
(NYSE:ITT) - ITT Corp
(NASDAQ:NITE) - Knight Capital Inc
(NYSE:HRS) - HARRIS CORP
(NYSE:PHH) - Phh Cor
(RKH) - Regional Banks HOLD
(NASDAQ:GRMN) - Garmin Ltd
(NASDAQ:CVBF) - CVB Financial Corp
(NYSE:FBR) - Votorantim Adr
(NYSE:ACS) - AFFILIATED COMPUTER
(NASDAQ:FMER) - FirstMerit Corporation
(NASDAQ:ACOR) - ACORDA THERAPEUTICS
(NYSE:ACF) - AMERICREDIT CORP
(NYSE:WOR) - WORTHINGTON INDS INC
(NASDAQ:ELNK) - EarthLink, Inc.
(NYSE:AGO) - ASSURED GUARANTY LTD
(NASDAQ:CINF) - Cincinnati Financial
(NASDAQ:SVNT) - SAVIENT PHARMS
(NYSE:HAS) - HASBRO INC
(NYSE:AF) - Astoria Financial C
(NYSE:NHP) - NATIONWIDE HLTH PRO
(NASDAQ:TSRA) - TESSERA TECHNOLOGIES
(NYSE:EFX) - EQUIFAX INC
(NASDAQ:WFSL) - Washington Federal
(NASDAQ:INFA) - Informatica Corp
(NYSE:MR) - MINDRAY MEDICAL INT
(NYSE:BMS) - BEMIS CO INC
(NASDAQ:FORM) - FORMFACTOR INC
(NYSE:BMR) - BIOMED REALTY TR INC
(NYSE:AVY) - AVERY DENNISON CORP
(NASDAQ:ANSS) - ANSYS, Inc.
(NYSE:FNB) - F.N.B. Corporation
(NYSE:BCE) - B C E INC
(NASDAQ:AMCC) - Applied Micro Circuits
(NYSE:CBT) - CABOT CORP
(NYSE:FCF) - FIRST COMMONWLTH FN
(NASDAQ:CHRW) - C.H. Robinson World
(NASDAQ:ITMN) - InterMune Pharmaceutical
(NYSE:DB) - DEUTSCHE BANK AG
(NASDAQ:TRMB) - Trimble Navigation
(NASDAQ:UMPQ) - Umpqua Holdings Corporation
(NYSE:LLL) - L3 Comm
(NYSE:FAF) - FIRST AMERICAN CORP
(NYSE:CPT) - CAMDEN PROPERTY TRUST
(NYSE:JNY) - JONES APPAREL GROUP
(NASDAQ:MELI) - MercadoLibre Inc
(NYSE:MW) - Men’s Wearhouse Inc
(NYSE:WDR) - WADDELL & REED FINL
(NYSE:ONB) - OLD NATIONAL BANCOR
(NASDAQ:DXCM) - DEXCOM
(NYSE:ATW) - ATWOOD OCEANICS
(NASDAQ:KLIC) - Kulicke and Soffa I
(NASDAQ:TKLC) - Tekelec
(NASDAQ:FINL) - Finish Line, Inc.
(NYSE:INT) - WORLD FUEL SVCS CORP
(NYSE:EMN) - EASTMAN CHEMICAL CO
(NASDAQ:SGEN) - Seattle Genetics
(NASDAQ:MNTA) - MOMENTA PHARMACEUTICAL
(NYSE:HCC) - H C C INSURANCE HLD.
(NYSE:HR) - HEALTHCARE REALTY T
(NASDAQ:DBRN) - Dress Barn, Inc. (The)
(NASDAQ:AMMD) - American Medical Sy
(NYSE:HME) - Home Properties Inc
(NYSE:DFG) - DELPHI FNCL GROUP INC
(NASDAQ:AAWW) - Atlas Air Worldwide
(NASDAQ:BEBE) - bebe stores, inc.
(NASDAQ:ONXX) - ONYX Pharmaceutical
(NASDAQ:EVVV) - EV3 INC
(NASDAQ:ALGN) - Align Technology Inc
(NYSE:SKX) - SKECHERS USA INC
(NYSE:EV) - EATON VANCE CORP
(NYSE:URS) - U R S CORP
(NASDAQ:NKTR) - Nektar Therapeutics
(NYSE:ALK) - ALASKA AIR GROUP INC
(NYSE:DTG) - DOLLAR THRIFTY AUTO
(NYSE:BXS) - BANCORPSOUTH INC
(NYSE:HAR) - HARMAN INTL INDS INC
(NASDAQ:VPHM) - ViroPharma Incorporation
(NASDAQ:PSSI) - PSS World Medical Inc.
(NYSE:HTS) - Hatteras Financial
(NYSE:SBH) - Sally Beauty Holdings
(NYSE:SSW) - SEASPAN CORPORATION
(NYSE:HXL) - HEXCEL CORP
(NYSE:CAB) - Cabelas Inc
(NYSE:AFG) - AMERICAN FNCL GROUP
(NYSE:GMR) - GENERAL MARITIME CORP
(NASDAQ:LULU) - lululemon athletica
(NYSE:SFG) - STANCORP FINANCIAL
(NASDAQ:WPRT) - Westport Innovations
(NASDAQ:ARAY) - Accuray Inc
(NASDAQ:TTEK) - Tetra Tech Inc
(NASDAQ:ALSK) - Alaska Communications
(NASDAQ:HSTX) - Haris Stratex
(NYSE:ITC) - ITC HOLDINGS CORP
(NASDAQ:COLB) - Columbia Banking
(NYSE:DLX) - DELUXE CORP
(BIN) - IESI-BFC Ltd
(NYSE:PEI) - PENNSYLVANIA R E I T
(NYSE:AM) - AMERICAN GREETINGS
(NASDAQ:MDAS) - MedAssets Inc
(NYSE:WRE) - WASHINGTON R E I T
(NYSE:CLP) - COLONIAL PPTY TRUST
(NASDAQ:MLHR) - Herman Miller, Inc.
(NASDAQ:ACGL) - Arch Capital Group Ltd
(NASDAQ:MEOH) - Methanex Corporation
(NYSE:PII) - POLARIS INDS INC
(NYSE:BKD) - BROOKDALE SENIOR LI
(NASDAQ:ICGE) - Internet Capital Gr
(NYSE:EQY) - Equity One Inc

Stocks that have a Bearish Engulfing pattern at the end of their daily chart

(NYSE:AA) - ALCOA INC
(NYSE:WFR) - MEMC Electronic Mat
(NYSE:IGT) - INTERNATIONAL GAME
(NYSE:CAH) - CARDINAL HEALTH INC
(NYSE:YGE) - Yingli Green Energy
(NYSE:POT) - POTASH CORP SASKAT
(NYSE:MOS) - Mosaic Co
(NYSE:GD) - GENERAL DYNAMICS CORP
(NYSE:MTL) - MECHEL OAO
(NYSE:CMC) - COMMERCIAL METALS CO
(NASDAQ:CSIQ) - Canadian Solar Inc
(SPWRA) - SUNPOWER CORPORATION
(NYSE:LDK) - LDK Solar Co Ltd
(NYSE:DGX) - QUEST DIAGNOSTICS INC
(NYSE:CE) - CELANESE CORPORATION
(NASDAQ:GMCR) - Green Mountain Coff
(CEF) - Central Fund of Can
(NYSE:BIG) - Big Lots Inc
(JAG) - JAGUAR MINING INC
(NYSE:NFG) - NATIONAL FUEL GAS CO
(NYSE:CVA) - Covanta Holding Cp
(NYSE:LEA) - Lear Corporation
(NYSE:OII) - OCEANEERING INTL INC
(NYSE:PAA) - PLAINS ALL AMERICAN
(TAN) - Claymore MAC Global
(NYSE:TKC) - TURKCELL ILETISIM H
(NASDAQ:BCRX) - BioCryst Pharmaceutical
(NASDAQ:VISN) - VisionChina Media Inc
(NYSE:MIL) - MILLIPORE CORP
(SPWRB) - SunPower Corp
(CEU) - China Education All
(NYSE:DNP) - DUFF & PHELPS UTIL
(NYSE:NCV) - Nicholas Applegate
(NYSE:AWP) - Alpine Global Premi
(CMFO) - China Marine Food G
(NYSE:MDP) - MEREDITH CORP
(NYSE:PFN) - PIMCO FLT RATE STRA

New 52-week High stocks

(NYSE:ROK) - ROCKWELL INTERNATIONAL
(NYSE:PXP) - Plains Exploration
(NASDAQ:SANM) - Sanmina Corporation
(NYSE:BNI) - BURLINGTON NORTHERN
(NYSE:MNI) - THE MCCLATCHY CO
(NYSE:TEL) - Tyco Electronics Ltd
(NASDAQ:ARMH) - ARM Holdings, plc
(NYSE:DV) - DEVRY INC
(NASDAQ:PMTC) - Parametric Technolo
(NYSE:MHP) - MCGRAW HILL COS INC
K - KELLOGG CO
(NYSE:WBS) - Webster Financial Cp
(KT) - KOREA TELECOM CORP
(NASDAQ:TFSL) - TFS Financial Corp
(NASDAQ:FMBI) - First Midwest Banco
(NASDAQ:WTFC) - Wintrust Financial
(NYSE:PHG) - Koninklijke Philips
(NASDAQ:PRGO) - Perrigo Company
(LOPE) - Grand Canyon Education
(NYSE:PAA) - PLAINS ALL AMERICAN
(NASDAQ:REGN) - Regeneron Pharmaceutical
(NASDAQ:MSPD) - MINDSPEED TECHNOLOG

Oversold stocks - RSI has been below 30 in the last 5 days

(NYSE:XOM) - EXXON MOBIL CORP
BRK.B - Berkshire Hathaway Inc
(NYSE:BBD) - BANCO BRADESCO SA ADS
(NYSE:PBR) - PETROLEO BRASILEIRO SA
(ITUB) - Itau Unibnco Adr
(NYSE:GGB) - GERDAU USA
PBR.A - PETROLEO BRASILEIRO
(NYSE:CHU) - CHINA UNICOM LTD
(NYSE:CDE) - COEUR D ALENE MINES
(NASDAQ:FSLR) - First Solar Inc
(NYSE:TSS) - TOTAL SYSTEM SVCS INC
(NASDAQ:TNDM) - Neutral Tandem Inc
(NYSE:CXW) - Corrections Corporation
(NYSE:GPN) - GLOBAL PAYMENTS INC
(NYSE:GY) - GENCORP INC
(NYSE:DCP) - DYNCORP INTERNATION
(NYSE:GFA) - Gafisa SA
(NYSE:FCN) - FTI Consulting Inc
(NYSE:TEF) - TELEFONICA SA
(NASDAQ:RJET) - REPUBLIC AIRWAYS HL
(NASDAQ:MELI) - MercadoLibre Inc
(NYSE:INT) - WORLD FUEL SVCS CORP
(NYSE:DFG) - DELPHI FNCL GROUP INC
(NYSE:GAP) - GREAT ATLANTIC & PA
(NYSE:DPO) - Dow 30 Enhanced Pre

Overbought stocks - RSI has been above 70 in the last 5 days

(NASDAQ:BARE) - BARE ESCENTUALS
(NYSE:MMR) - MCMORAN EXPLORATION CO
(NYSE:EL) - ESTEE LAUDER COMPANIES
(NYSE:WBS) - Webster Financial Cp
(NYSE:FUN) - CEDAR FAIR L P
(NYSE:PPR) - Pilgrim Prime Rate
(CFL) - BRINK’S HOME SEC
(NASDAQ:WTFC) - Wintrust Financial
(NASDAQ:CHTT) - Chattem, Inc.
(NASDAQ:PLXS) - Plexus Corp.
(NASDAQ:NKTR) - Nektar Therapeutics
(NYSE:CIT) - CIT GROUP INC
(NASDAQ:VPHM) - ViroPharma Incorporation
(NYSE:DPZ) - DOMINO’S PIZZA INC
(NYSE:WPZ) - WILLIAMS PARTNERS L.P.
(NYSE:VTA) - Van Kampen Dynamic
(NYSE:PPO) - Polypore International
(FIT) - Health Fitness Corp
(CCM) - Concord Medical Ser.
(NYSE:MEI) - Methode Electronics.
(NASDAQ:QUIX) - Quixote Corporation