Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (4320)	12/14/1997 7:16:00 PM
From: Jenna	Read Replies (2) of 120523

The most recently confirmed resistance level was at 33.42. With the current price above this level at 38.00, resistance would be the high of 38.75. CONAGRA is currently 16.9% above its 200-day moving average and is in looks to be still uptrending. Volatility is low as compared to the average volatility over the last 90 days. Money is flowing into the company, because of it's nearly overbought situation I would not want to do more than a daytrade. especially since volume on Friday was 36% less than average voluem,suggesting perhaps that interest is taken out of this company. WSTF: On 12/12/97, WSTF closed down -0.8750 at 16.2500 on volume 37.55% above average. WSTF is currently 30.2% above its 200-day moving average Volume is higher than average but the price is not rising as quickly.If the price movement or trend stalls and earnings come out (BKE) means that it could rise above resistance of 17 continued mean a genuine breakout and major uptrend ensue. BIOMET: BMET is currently 18.6% above its 200-day moving average and is in a kind of flat. Volatility is very low as compared to the average volatility over the last 90 days. But the Money flow indicator and accumulation/distributions shows that money is flowing into it. BIOMET appears to have confirmed downside support around 23.54. CON: already a BUY signal generated I got in on Friday. con has been in a primary buy mode for 5 days. con is currently 50.7% above its 200-day moving average and is in a moderate upward trend. Volatility is very low as compared to the average volatility over the last 90 days. Again money is flowing in and its now above its 30, 90 and 200 period moving average. TSCC: already buy signal was on Thursday. Restance was at 27 7/8 and now it becomes support. TSCC is currently 19.0% above its 200-day moving average and is in a still flat. Volatility is relatively normal as compared to the average volatility over the last 90 days. Again it is waiting for eranings to create the "pop" in needs to overcome resistance DF:DEAN FOODS is currently 24.9% above its 200-day moving average trending upward moderately. MFI is rising but the volume is stabilizing which you can see when on 12/12/97, DEAN FOODS closed up 0.0620 at 53.9370 on volume 64.32% below average. This can mean that DF is out of steam so I'll wait and see what happens. DFF: DOMINICKS SUPER is currently 39.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low. Our trend lots of indicators are bullish on this company and on 12/12/97 the price closing price was 39.7500. Could be that the earnings should follow with an increase in price. I like this one because the volume is increasing and the price has stalled, perhaps waiting for earnings to bring the nice increase in prices. RXSD: The current REXALL SUNDOWN chart looks very good. On 12/12/97, REXALL SUNDOWN closed up 0.8130 at 25.1250 on volume 21.09% above average. We've got an increase in volume and price. This is a continuing trend and I'm looking to get in tomorrow above 25.25. Currently the MACD is bullish since it is trading above its signal line.The MACD looks good and it broke out about 11 days ago. SJK: On 12/12/97, ST JOHN KNITS closed down -0.1250 at 42.8750 on volume 71.75% below average. The price is currently between the most recently confirmed support and resistance levels. The most recent support level was at 40.08. The most recent resistance level was at about 54. With the current price at 42.88, you may look for this previous support level of 40.08 to again provide downside support and the previous resistance level of 54.02 to again provide upside resistance. So far this is a purely Fundamental play and I did not get any buy signal. There was one about 10 day ago though and the stock enjoyed upward momentum at that time. The current value for the 14 day RSI is 64.8829,perhaps getting close to overbought. Here again it is the earnings that can move this stock back again. CCL: CARNIVAL is currently 20.2% above its 200-day moving average and is in a moderate upward trend. Volatility is high as compared to the average volatility over the last 90 days. Money is flowing into this company but at a slow pace. On 12/12/97, CARNIVAL closed down -0.4380 at 51.5620 on volume 4.78% below average. CARNIVAL is currently 20.2% above its 200-day moving average and is in a moderate upward trend. Volatility is high as compared to the average volatility over the last 90 days. The RSI has just reached its lowest value in the last 14 session and that is not good, but CCL should pick up because earnings are expected to be very good and it was up about 14 days ago 3 pointson that alone. CCL is an opportunity for further price action to the upside. This is one of my favorite plays this week.

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