Skip to main content

TradeRadar BUY signal -- Rogers Corp.

I was looking at a list of stocks that made big moves today and I came across Rogers Corp. (ROG). They were up $4.67, or 11%, today. I hadn't ever heard of the company before so I took a look.

Rogers is a 175-year old industrial company that now focuses on four segments: Printed Circuit Materials, High Performance Foams, Custom Electrical Components and Other Polymer Products. They sell primarily to electronics, aerospace and defense, ground transportation and consumer product original equipment manufacturers.

This stock has the classic chart pattern we like to see in the TradeRadar software. It has been steadily dropping since November 2006 from a high of over $70 until it hit a low around $35 during the summer.

In early August Rogers jumped from $35 into the $40's and stabilized. By August 15 the stock had flashed the TradeRadar BUY signal. We are a couple of months late in recognizing Rogers as a buy but there may still be gains to be made.

Here is the chart from the TradeRadar software:

ROG buy signal
So what caused the jump today? Here is the quote from the 8-K: "Rogers Corporation (NYSE:ROG) today announced revised guidance for its fiscal third quarter ended September 30, 2007. Rogers now projects third quarter net sales to be between $109 and $110 million compared to the August 6, 2007 guidance of $94 to $97 million. Non-GAAP earnings for the third quarter, excluding any restructuring adjustments, are now projected to be $0.44 to $0.48 per diluted share versus the previous guidance of $0.32 to $0.35 per diluted share." That's an improvement in earnings of 30%. Not bad!

Can the momentum continue? The answer is maybe. Once again, from the 8-K: "Sales in the Custom Electrical Components segment are approximately 25% above our previous forecast. The volume of orders from one large cell phone program that is nearing end of life was much higher than expected. Additionally, the High Performance Foams ("HPF") segment achieved all time record sales for the quarter. The record HPF sales were driven by market share gains in portable handheld devices." So one segment beat forecasts but the contract driving the growth is about to end. The other segment driving growth, however, seems to running on all cylinders. The company will provide guidance for the fourth quarter when it formally reports earnings in early November.

In any case, the TradeRadar BUY signal is exhibiting good strength and the trend lines clearly support the reversal indication. For now, the stock looks like its ready to run.

Disclosure: author owns no shares of ROG

Comments

Popular posts from this blog

Running TradeRadar on Windows 7 and Windows 8

Development of the original TradeRadar Stock Inspector software was begun back in the days before Windows 7 and Windows 8 were available.

As these newer versions of Windows have become more popular, we have heard from some users that they are having problems installing and running TradeRadar on their newer PCs.

The good news is that TradeRadar will work just fine on Windows 7 and Windows 8. All you have to do is adjust the Windows Compatibility Settings to ensure TradeRadar runs as intended.

It is recommended that you can apply Compatibility Settings when running the initial installation; however, it is also possible to apply Compatibility Settings after the program has been installed.

Prior to installation
After downloading the install program, go to the folder where you have stored the TradeRadarStkInsp_7_Setup.exe or TradeRadarStkInsp_7_PRO_Setup.exe executable. Right-click on the executable file and select Properties. Click the Compatibility tab. Adjust the Compatibility mode to …

Durable Goods report for Sept just so-so but Computer segment is on fire

The Durable Goods advanced report for September 2011 was released on Wednesday.

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders. Let's see how it played out last month.

Shipments -- 

I generally give less importance to Shipments since this is a backward looking measure reflecting orders that have been confirmed, manufactured and shipped. It's similar to earnings reports -- it's good to know but the data is in the past and we're more interested in the future. The following chart shows how September shipments looked for the overall tech sector:


Results for the overall tech sector were a bit weak but take a look at the next chart which tracks the Computers and related products segment:


Results here were actually quite good and, to make things even better, the previous month was revised upward.

N…

Alert HQ has moved!

End of an era!

This site was started way back in 2006/2007 to showcase my blog posts and the Alert HQ buy signals and sell signals. Alert HQ grew to include other kinds of stock alerts including Swing Signals, Trend Busters, Trend Leaders, Cash Flow Kings and more.

In the meantime, I built a sister site, TradingStockAlerts.com and I started using some of the same Alert HQ content over there. As a result, I am discontinuing the Alert HQ data here at Trade-Radar.com

The good news, however, is that all the Alert HQ signals and stock screens are still completely free. In addition, the pages have been enhanced so that you can hover over a stock symbol and a small chart will pop up so you can get a quick look at the stock's recent price action. If you click on a symbol it will take you to a page with plenty of financial and technical analysis information (still free!) as well as a larger chart that you can play with in terms of adding or deleting indicators, moving averages, etc.

Click …