I know that this market is not safe for investors to go long or short in but when you come across a couple of breakouts that look like these that have the fundamental strength as they do it makes sense to give it try. WH is an oil&gas stock that has some very strong EPS and sales growth with estimates of 32% and 29% for YOY EPS gains for this year and next year. Management still owns 75% of the stock so they must have faith that this company is going higher or else they would not have so many shares in their control. The big problem I see here is 3 mutual funds that were in this stock has fallen to 1. So that isn’t good. As for HWK in the metals arena its EPS has grown 300%, 47%, 220%, 100%, and 230% the past five quarters. During that time sales have gone from 8% to 21% to 30% the past three quarters. So some real growth has hit this stock and that is why fund ownership has gone from 14 to 18 the past four quarters. Estimates of 65% and 14% for YOY EPS gains for this year and next indicate the growth can continue in this stock.
new speculative Featured long positions: WH HWK
WH is breaking out of an ascending type cup base, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
HWK is breaking out of a base on base pattern, on extremely strong volume. Cut your final loss with a close below the 22.40 level, if the stock does not move higher immediately.
