New Featured swing longs: MR PNSN
MR is breaking out above the Jan. 3rd highs and bouncing right off the 50 dma on almost average volume. Even though the volume did not pick up substantially, this stock will probably see some big volume soon. The chart pattern is very tight and sound and BOP has been at or above the zero line the entire existance of this stock. EPS growth has been 60% or better the past four quarters and sales growth has been 25% or better during that same time. Cut your loss w/ a close below the 50 dma, if the stock does not immediately follow-through on this breakout.
PNSN is breaking out of a nice cup pattern that is also part of a longer base on base pattern, on strong volume. This chart has some days where the stock looks shaky but overall this stock is in a solid uptrend with plenty of accumulation. BOP has moved broken out into the green territory, along with the price and volume jumping, helping to make this a pretty good looking chart. EPS growth the past four quarters have been an incredible 400% or better and sales have been 65% or better during the same period. Cut your loss w/ a close below the January lows, if the stock does not follow through on this breakout.
New Speculative longs: RVBD ITMN SVVS XOMA ARRY SGU EBS CPC PRGX TRCR
RVBD is breaking out above the 50 dma on strong volume. This stock also appears ready to make a move above the late December highs. If it completes that move it will be breaking out of a double bottom base. This stock has had plenty of accumulation its entire existance, since the IPO date. BOP has also managed to not go red during the entire life of this stock. BOP is now breaking out along with the price and volume, even though it hasn’t gone green yet. EPS growth is still negative but estimates are for .24 next year. Sales growth the last six quarters has been 247% or better. This is an “almost Featured” long. Cut your loss w/ a close below the 50 dma or if you have more risk w/ a close below the 28.25 level, if the stock does not follow-through immediately.
ITMN is breaking out of a perfect flat base on very strong volume. This chart is full of a few giant accumulation days off the October lows and BOP has gone and stayed max green for an extended period of time off of both the oct. and Dec. breakouts. This chart is extremely pretty, with the flat and tight basing patterns followed by the breakouts on giant volume and the max green BOP on the chart after the breakouts. This is a PURELY speculative play on a beautiful charts as the fundamentals are HORRIBLE. There are no earnings and sales have been falling for the past eight quarters. Cut your loss w/ a close below the flat base’s lows, if the stock does not follow-through on this breakout.
SVVS is breaking out of a six month long saucer with handle pattern on very strong volume. This stock has seen a lot of accumulation as it built the right side of its base from Nov. to Dec, then volume susided in the base excpet when it found support at the 50 dma, and now this breakout is coming on strong volume. BOP has been very good going green as it completed the saucer and staying green in the base leading to this breakout. Besides being a pretty chart, that is about it. EPS is HORRIBLE and sales growth is 17% or lower during the past eight quarters. Cut your loss w/ a close below the 50 dma, if the stock does not follow through on this breakout.
XOMA is bouncing off the 50 dma on very strong volume. This stock is also very close to breaking out above the November highs which would complete a breakout from a nice and long base on base pattern. The completion of the first base from September to November saw TONS of accumulation and BOP went max green. Now, after a quiet base, the stock is making a move with volume suging and BOP breaking out with it into green territory. This is a very pretty chart. The fundamentals are mixed: EPS is horrible with no signs this company is going to make money any time soon. Sales growth has been much better with growth of 46% or better the past seven quarters. This is a purely speculative stock. Cut your loss w/ a close below the 2.20 level, if the stock does not move higher immediately.
ARRY is bouncing off the 50 dma and breaking out above the December resistance on strong volume. The accumulation on the rally off the October breakout was massive along with BOP going max green along the way. The very flat and tight base was on low volume and the breakout come with BOP moving back to the zero line, giving this chart a very solid formation. However, besides the well structure of the chart there is nothing else here. EPS growth is invisible with nothing but losses and sales growth is negative. Pure speculation. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on this breakout.
SGU is bouncing off recent support and nearing a breakout above the December highs, on strong volume. SGU is near breaking out from a very long saucer with high handle pattern. This stock has seen TONS of accumulation since it started completing its saucer. The big green volume bars everywhere is evidence of this. BOP has also been green most of the ways. With BOP returning to max green, along with this price and volume surge, it is safe to say this is a pretty chart on the short term. Once again, fundamentals are pure crap, making this pure speculation. Cut your loss w/ a close below the 3.30 level, if the stock does not follow-through on its breakout immediately.
EBS is breaking out of a cup pattern on very strong volume w/ BOP moving into a higher green area. This stock is pure speculation from the Biotech sector. But it is rare to find IPO’s breaking out w/ green BOP so a speculative long is warranted by me. There is a lot of accumulation off the December lows and BOP is green for the second day. I definitely do not recommend newbies even looking at this. Cut your loss w/ a close below the 11.72 level, if the stock does not follow through immediately.
CPC is bouncing off the 50 dma on very strong volume as it continues its steady uptrend. The accumulation off the June lows has been very impressive as the stock continues a steady march higher. BOP has been strong with max green BOP in August and nothing but green BOP since December (minus one day), making this a very pretty chart. EPS growth the past two quarters has been 999% and 486% respectively. Sales is a bit weak with flat growth for the past eight quarters. Cut your loss w/ a close below 17.90, if the stock does not follow through on this bounce off the 50 dma.
PRGX is bouncing off the support of this flat base which is right near the 50 dma, on above average volume. This chart has gotten very pretty with BOP staying above the zero line since the breakout from a small cup pattern in November. There has been plenty of days of obvious accumulation in this stock since that move. The stock currently feels like it is coiling in anticipation of a breakout. BOP has been rising into higher green territory as the stock builds this flat base and the intraday support and reversal today is why it appears ready to breakout. This stock is pure speculation as both EPS and sales suck. Cut your loss w/ a close below the 50 dma, if the stock does not breakout.
TRCR is breaking out of a short tight flat base on above average volume. This stock has been LOADED with accumulation coming off the October lows with no sign of any selling since then either. BOP has been max green for almost the entire time since the move off the October lows. BOP has returned to max green on this breakout, making this a very pretty chart. The massive accumulation and green BOP is probably a byproduct of the recent EPS and sales growth. The EPS growth has been 100% or better the past three quarters and sales growth has been 20% or better the past seven quarters. Be warned, sales growth is slowing. Newbies should still stay away as this stock is very speculative. Cut your loss w/ a close below the 50 dma, if the stock does not follow through on this breakout.
Adding to current holdings: CMCSA ALTH CRY ATX FTGX
CMSCA is breaking out of a nice flat base pattern on very strong volume. This breakout occurs as the base was created on lower volume than the previous uptrend and with BOP going and staying green. The green BOP along with the accumulation makes this a very pretty chart. EPS has been growing by a 67% or better clip for the past three quarters and sales growth has been 11% or better since then also. This is a nice Featured stock that everyone should consider going long. Cut your loss w/ a close below the 41.81 level, if the stock does not follow-through on this breakout immediately.
ALTH is bouncing off the 50 dma on very strong volume. This stock has been loaded with accumulation since the early July blast-off and after this quiet base the accumulation has returned. There is a lot of green BOP on this chart with a lot of it being max green or at high green levels. After a long base with quiet volume and red BOP, BOP has turned high green again, breaking out with price and volume. This is a speculative pretty chart and nothing else as the fundamentals are horrible. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on this move immediately.
CRY is bouncing off the 50 dma and pivot point of the December breakout on above average volume. The stock has been in a nice steady uptrend finding support around the 50 dma since the Jan 06 bottom. This chart is very pretty with all the green BOP and accumulation since November. The same reason I went long this stock two days ago still exist. Cut your loss w/ a close below the 50 dma, if the stock does not move higher immediately.
ATX is bouncing off the recent support area on very strong volume. This stock is loaded with accumulation coming off that HUGE UP day on HUGE volume at the end of June. BOP has been a high level green to max green since November, making this chart extremely beautiful. However, this stock is too thin for a new trader so be very careful. EPS growth has been 250 and 133% the last two quarters and sales growth has been 12 and 10% the past two quarters. Cut your loss with a close below the 50 dma and/or the 7.34, if the stock does not start showing you gains immediately.
FTGX is breaking out above the month long flat base on extremely strong volume. This chart, minus the red BOP in Dec-Jan, is very pretty coming off the move in Feb-March on HUGE accumulation and max green BOP. The stocks uptrend from August to December was loaded with accumulation and green BOP again, the flat base was done on very quiet volume, and now the stock is breaking out on a big surge in volume and a HUGE surge in BOP moving BOP back to max green levels. The EPS is still terrible but they are narrowing the losses as each quarter goes by. Sales are improving with growth at a 13% or higher clip the past three months. This stock is not for newbies because of the price volatility. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on its breakout.
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