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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Jenna who wrote (5251)2/25/2001 5:01:38 PM
From: Jenna  Read Replies (2) of 6445
 
Shoeshine anyone? BWS/SHOO PSS reporting tomorrow before the open, SHOES are in and SHOES stocks are soaring..Ones that are still looking good are SHOO and BWS. SHOO support is at 13. As SHOO trades above 15, Friday's high it will have taken out the 4 and 3 month highs. 16 will no doubt be tough resistance but if that gets taken out eventually 16 through 22 9/16 has no resistance. All depends on Monday before the open when PSS reports.

BWS Brown Shoe Company

Brown Shoes already had a nice range expansion breakout above the 20 day moving aveages. stochastics are still in pretty good range, although if PSS earnings are not up to par, it would probably reflect on BWS ability to take out the next level which is 18 1/2. Chart is fine. as BWS is trading above all its rising moving averages..and this after already pulling back.
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