"Rocket Rangers" hot list includes SNDK:
moneycentral.msn.com
<snip>
To seek those names, I created a Rocket Rangers screen in
Investment Finder that starts with a minimum level of
quality: $1 billion in market capitalization, 100,000
shares traded on average per month and a return on equity
greater than 1% (eliminate these if you want to go for
broke). Next, I required that the stock price be above its
200-day moving average and within 5% of its 50-day moving
average. I then sought stocks that are the farthest from
their 52-week highs and which have the widest possible
trading range. The formula: Take the difference between
stocks' 52-week high and their current price, and add it to
the difference between their 200-day and 50-day moving
averages. I call this formula the "rocket range" because it
reveals the stocks that have shown the capacity both to
rise very high and to idle within a large band of prices.
The theory is that if the Nasdaq ever gets ignition, these
stocks could turn out to have the greatest amount of coiled-
up power. They're listed below.
Rocket Rangers
Company Name Market Cap Rocket Range *
Infosys Tech (INFY, news, msgs) 24,868,264,000 219.3
SanDisk (SNDK, news, msgs) 4,509,372,000 125.7
Broadcom (BRCM, news, msgs) 19,825,227,000 125.4
Siliconix (SILI, news, msgs) 2,130,746,000 114.9
PE Biosystems (PEB, news, msgs) 14,399,607,000 100.6
* (52-wk high-current price ) + (50-day MA-200-day MA)
Craig |
