new Featured swing long: GEO
GEO is bouncing off the 50 dma and breaking out above March resistance, on strong volume. GEO has been part of a very long solid uptrend that has seen plenty of accumulation along the way. Starting in March of 2006 this stock started to see a ton of accumulation and max green BOP until November when it started a pullback. Once the pullback was complete in January, the stock was off again on volume and green BOP. That uptrend lasted until late February where the stock started to create this current base. The stock is now bouncing off the 50 dma with BOP still at max green BOP-which it has been since the middle of March, making this a very beautiful chart. The fundamentals are very strong, with the EPS growing between 79% and 144% and sales growing between 25% and 50% the past four quarters. The number of funds owning this stock has increased from 59 to 83, the past four quarters. As you should be able to tell with these numbers, the stock is pretty much as close to perfect as it can get right now. Cut your loss with a close below the 50 dma, if the stock does not follow-through off this bounce/breakout immediately.
new speculative swing longs: TUC ZOOM MTMD VNX
TUC is bouncing off recent support and the pivot point of the March breakout, on very strong volume. This stock has been in a long uptrend full of accumulation and max green BOP and green BOP. Blah, blah, blah, I fucking hate wireless, I lost all my write up and am not doing it again. The fundamentals are horrible, with EPS and sales going the wrong way. There is no fund ownership and with the low volume, newbies should avoid this one. Cut your loss with a close below the April lows and the 50 dma, if it does not go higher immediately.
ZOOM is breaking out above the March and April highs on very strong volume and max green BOP. This stock is in a very pretty uptrend with lots of accumulation and green to max green BOP. The fundamentals are mixed with EPS starting to grow again but there is no sales growth. There is no fund support and with the low average daily volume, newbies should avoid this one. Cut your first loss with a close below the April lows and your final loss with a close below the 50 dma, if the stock does not move higher immediately.
MTMD is bouncing off the 50 dma and breaking out above the Feb-April cup base, on strong volume. The weekly chart shows you how nice the long term uptrend is. The fundamentals are very poor, with EPS not really going anywhere and sales growth DOA. There is very little interest by funds and if you do go long make sure you keep it small. Cut your loss with a close below the 50 dma, if the stock does not follow-through immediately.
VNX is breaking out above the March highs on average volume. I am not sure why I am even going long this POS stock. It is only due to the max green BOP on the chart since December. Besides the green BOP and the actual breakout, this chart is very ugly before January. The fundamentals are still very mixed, with the company bleeding in the EPS department but with estimates for an 800% increase in 2008. Sales are zooming with 114%, 683%, and 643% gains the past three quarters but they are coming from very low numbers. Newbie emotional traders shouldn’t even take a second look. I am keeping my buy very very very small. Cut your final loss with a close below 2.56, if it does not breakout immediately. If it is not up tomorrow, I am selling some immediately.
adding to existing Featured swing long: NTLS
NTLS is bouncing off the 50 dma, on strong volume. This stock has been in a beautiful uptrend since October that has been filled with clear accumulation and green BOP the whole way up. The move at the end of March with BOP going max green, along with today’s breakout on good volume with BOP still max green, makes this a very pretty chart. The fundamentals are getting much better, with EPS growth between 13% and 475% the past three quarters and sales growing between 11% and 71% the past six quarters. Fund growth has gone from 26 to 45, during the past four quarters. This chart along with the fundamentals make it a clear winner in this market environment. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.
