Skip to main content

Posts

Showing posts from September, 2011

5 profitable tech stocks with 50-DMA turning bullish

Stocks went on another wild on Thursday (window-dressing?) and in an interesting turn of events the Dow finished up over 1% while the NASDAQ 100 finished down 1%. This was surprising to me since tech has been trading in a much more positive way than most other sectors or indexes.

This could mean there is a buying opportunity coming up for the following stocks. These five companies are all profitable and their 50-day exponential moving averages are in the process of turning up. (Note that we found these stocks using a freely available preset for the Premium Stock Screener at TradingStockAlerts.com)

Here are the five stocks, all of which were trading above their 50-day EMA as of the close on Thursday. I have included a quick take on their financial status, current valuation and technical outlook.
CommVault Systems, Inc. (CVLT) -- This company has solid financials but is somewhat over-priced. Nevertheless, the stock is in an up-trend. It could be a buy on a pullback if you are comfortable…

SPY -- at best still bottoming, worse to come?

Here we go again.

At the beginning of August SPY crossed below its 200-day moving average and made brutal downward move. Since that time, the ETF and many other indices and their associated ETFs have been tracing out what is know as a "bear flag" on their daily charts. This week SPY and the rest broke below the bottom line of the flag pattern. Here's what it looks like:


The blue lines show the flag. The black oval shows where we ended the week. Despite a rally on Friday, SPY is clearly on bearish side of this pattern. Furthermore, a sizable gap was opened up on the way down. In addition, the bottom line of the flag pattern, formerly support, now becomes resistance. The expectation now that the breakdown has occurred is that SPY could fall another 10 to 15 points.

With SPY about to test the low for 2011, we should see what some of our Trade-Radar market measures are telling us.

The view from Alert HQ --

For those readers who are new to TradeRadar or who don't remember …

Standex International -- this rally only the beginning?

As I was poking through the Alert HQ results of the last few days, one company’s name seemed to keep popping up: Standex International Corporation (SXI).

Standex showed up on the following screens/reports at TradingStockAlerts.com:
Reversal Alerts based on Daily DataValue and Growth ReportTrend Buster ReportReasonable Value Trend Buster Report Furthermore, if you enter the symbol into the Stock Search function on TradingStockAlerts.com, you will see that Standex comes up as a BUY there, too

Background --

Standex International Corporation is a small-cap diversified manufacturing company with the following five divisions:
Food Service Equipment Group - manufactures commercial food service equipment for restaurants, convenience stores, quick-service restaurants, supermarkets, drug stores, hotels, casinos, and corporate and school cafeterias, as well as serves health science and medical markets. Air Distribution Products Group - manufactures metal ducts and fittings for residential heating, …

6 value stocks breaking above their trend lines

Here is a quick list of value stocks that are breaking out in a bullish direction over their downward sloping trend lines.

SymbolNameSectorIndustryPE RatioPrice
to SalesPrice
to BookPEG RatioEnterprise
Value to EBITDACPXComplete Production Services, Inc.EnergyOilfield
Services/
Equipment13.921.192.460.665.24FLLFull House Resorts, Inc.Consumer ServicesServices-Misc. Amusement & Recreation8.521.131.260.433.07HELEHelen of Troy LimitedConsumer DurablesHome
Furnishings9.471.041.30.848.38HRSHarris CorporationCapital GoodsIndustrial
Machinery/ Components8.770.841.990.875.18SUTRSutor Technology Group LimitedCapital GoodsSteel/Iron Ore3.810.120.270.224.73TSTCTelestone Technologies Corp.Consumer DurablesTele-
communications Equipment2.330.530.590.091.41
This list is derived from the Free Stock Screener over at sister site TradingStockAlerts.com. It was set up by simply choosing the Value preset and then selecting a Bullish Reversal in the Simple Trend Reversal drop-down.

All are profitable. …