Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (1441)	1/27/2002 7:44:44 PM
From: Dave Gore	Read Replies (1) of 16631

Stock Analysis: NBTY This is an interesting stock fueled by a recent solid earnings report and reasonable PE. Good watch list candidate. Vitamin whosesaler that is gaining market share and recently acquired a profitable company. Probably a good baby-boomer stock. Clearstation: RS of 96, 13-day sma recently crossed above 50-day, but stock is 21+% above the 13-day line signaling that it may be overextended. The fast line is bumping into the ceiling in the overbought area. It certainly could go a little higher since momentum is so strong, but I would much rather wait for a pullback to safer levels of support. Bigcharts: Money flow and momentum extremely strong. When this stock goes, it really attracts attention and buying. More than a point above the upper B-band, with the 20 and 50-day ema point way down at 11.7 and 11.1. Conclusion: Great stock for the watch list. When it pulls back and volume picks up again, I want to be there. The question is how soon and how far will it pull back? Also, one caveat, in late Oct. it fell over 5 points in 2 trading days, so even though it has a very high RS it can be volatile especially arounf earnings.

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