One New CANSLIM Long Position And One New Speculative Long Position For Wednesday’s Stock Market Session

February 12, 2008

I really like PRXL the stock as the chart and the fundamentals are both very bullish. That along with it being heavily accumulated by mutual funds and in one of the top performing sectors the past six months (Medical/Dental-services) makes this a great long. However, the chart is very nice but it isn’t perfect so there is no reason to load up. Especially with the stock market acting so lame (where are the follow-through days? there are none). IMAX is a horrible stock but this is a very pretty chart, and with it being in an uptrend bouncing off the 50 day moving average, this is definitely worth a poke. But nothing else more and newbies should avoid it like the plague.

new CANSLIM long position: PRXL

PRXL is nearing a breakout to new all-time highs from a very bullish ascending base pattern, on strong volume. Cut your loss with a close below the 54.05 level, if the stock does not move higher immediately.

prxl__Large_.PNG

new speculative long position: IMAX

IMAX is putting in a very bullish intraday reversal, bouncing off support near the 50 day moving average, on above average volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

imax__Large_.PNG

Last 5 posts in Free Archives Longs

Posted by Joshua Hayes | Filed Under Free Archives Longs 

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