Harry, I have been out of ADCT for a couple months, but have been looking at it as an earnings play. It has 3 qtrs. of positive surprises (modest %). Rated a buy by Zack's. IBD is showing A for accumulation and A for timeliness. Worden's BOP accumulation indicator turned green a few days ago.
Also reporting 12/1 (before the bell, I believe) is ADI. Four straight qtrs. of positive surprises. Zack's also rated a buy. IBD shows B for accumulation and A for timeliness. ADI has corrected off a high set 11/11 and turned back up on Wednesday. Price bounced off 50 DMA Tuesday and lower BB as well.
A little bit further out are earnings plays in ADIC (look for bounce of 50 DMA at about 35.5), CIEN, CMOS, SLR, VRTY (I am long; splits on 12/6 as well), ADBE, JBL, TIBX, then ORCL.
Thanks for the Favors update. He has called the market pretty well recently. The COMPQ and NDX do need a rest, but after that, I suspect higher.
Anybody looking at any holiday seasonal trades. I longed BBY and ETYS last Tuesday. Looking at TLB, ANF, and SATH. |
