Adding To Longs: ATX WRLS RENT
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.
WRLS is breaking out of a flat base pattern and bouncing off support on strong volume. This chart has been full of accumulation coming off the August lows and has formed some nice tight bases along the way. BOP has been green almost the entire time since August and BOP has been max green almost every day since late November. The accumulation followed by the quiet bases, with all the green BOP, make this a beautiful chart. This is my third buy of this stock, just like ATX. EPS is still negative but it is headed in the right direction. Sales is much better with sales growth of 74% 86% 71% and 78% the last four quarters. Cut your loss w/ a close below the January lows, if the stock does not follow-through on this breakout.
RENT is bouncing off the 50 dma on strong volume. This stock is under a ton of accumulation coming off the July lows and for the first time since then is finally touching its 50 dma. The bounce off the moving average is perfect with volume coming in lower on the pullback followed by the big pop in volume on this bounce. BOP has been very strong since September, with it being high green to max green most of the way since the move began, making this a very pretty chart. Fundamentals are strong, with EPS growing 70% or better the past three quarters and sales growing 19% or better during that time. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through from this move immediately.
