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

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To: Walter High who wrote (4916)1/24/1998 4:39:00 AM
From: Jenna  Read Replies (2) of 120523
 
NT.. looks pretty good had a recent Wilder RSI 9 day and 14 day breakout. and ERG has increased in last week quite a bit.

The technical long/short term outlook is bleak,especially trading below it's 20, 50, 120 and 200 day moving average. But, NT has a fundamental rank of 96 and a projected fundamental rank of 98. Insider rank which is quite important for me, is 86 which is rather good. It has steadily increased its eps in last 4 quarters and last quarter was a 57% increase, although this quarter will be less (about 27%)..I would watch it Monday throughout the day...especially since it's 1/30 day volume ratio surpassed 150% on Friday.

Whenever a stock moves after surpassing it's 30 day average by 150%, it USUALLY continues in that same direction, especially if there is a significant event like an earnings report due. You can see the way NT's followers are leaning on Monday how they expect the report to be.

I would be very cautious about taking it home, but intraday range might make daytrading NT more viable. As an alternative, what I do is keep a list of companies and their projected analysts estimates close by...wait for the report to come out on REUTERS and instantly can check if it meets or beats, and buy it then. I've gotten on BLS Thursday, and SBUX just that way. But you have to be quick, BLS ran up in about 15 minutes and SBUX was even quicker.
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