Watch List Friday, May 15, 1998 (in midst of changing servers that's why you can't click on the watch list)
It is important to keep the watch list in your database for at least 3-4 days. These stocks are all
technically poised for further breakout but market conditions might not facilitate that breakout in the
next trading session. Some of the more 'active and volatile' issues should be watched, especially the
ones on my 'Earnings Plays' watch list. They are the ones with the most change for a really good
"pop". Watch the Earnings Play list. Still BULLISH on AEOS, BKE, NAV, LTD,GPS.
1. OWN - SIGNATURE RESORTS
Price = 17.31 SAN MATEO, Calif., May 6 /PRNewswire/ -- Signature Resorts, Inc. (NYSE:OWN )
today announced record financial performance for the three months ended March 31, 1998.
Total revenues for the first quarter were $89.7 million, up 25 percent from $71.9 million in the same
quarter of 1997. Vacation ownership revenues increased 18 percent to $71.5 million, up from $60.4
million in the first quarter of the prior year. Interest income was $12.1 million, up 42 percent from
$8.5 million in the prior year, reflecting continued growth in the company's mortgage receivable
portfolio to $378.4 million.
After announcing good earnings stock was still in the doldrums.. Showed some signs of reversing
trend towards the close on Thursday. Price/Volume indicators showed that OWN was under
ACCUMULATION
2. SNRZ - SUNRISE ASST LIVING
Price = 32.87 Stochastics indicate stock is OVERSOLD, otherwise the other indicators are bearish.
Looks like the sector is coming into favor again. Could continue the upward tomorrow. Must be
watched carefully.
3. QMDC - QUADRAMED
Price = 27.12. (MACD) indicates a BEARISH TREND, Price is above resistance of 26.50 which is
bullish.
RESEARCH ALERT-QuadraMed started with buy
CHICAGO, May 14 (Reuters) - Vector Securities International Inc. said Thursday it initiated cover of
QuadraMed Corp. with a buy rating and a price target of $39.
4. SWY - SAFEWAY
Price = 34.13 (MACD) indicates a BEARISH TREND, Relative Strength is Neutral. Look for a trend
change in this one. Look for support at 35.25 and resistance at 38.50
5. CERN - CERNER
Price = $27.80 (MACD) indicates a BULLISH TREND;
RESEARCH ALERT- Cerner started with attractive
CHICAGO, May 14 (Reuters) - Vector Securities International Inc. said Thursday it initiated coverage
of Cerner Corp. (CERN - news) with an attractive rating and a price target of $37. Cerner designs,
develops, markets, installs and supports health information systems for use by
healthcare organizations
NEWS: KANSAS CITY, Mo., April 22 /PRNewswire/ -- Cerner Corporation (Nasdaq:CERN ) today
reported record first quarter revenues and earnings, excluding acquisition-related charges. Revenues
increased 44% for the quarter to $73.7 million from $51.1 million for the year ago quarter. Net
earnings increased 95% to $3.8 million, compared with $1.9 million for the first quarter of 1997
6. KRB - MBNA
Price = 55.31 (MACD) indicates a BEARISH TREND
Relative Strength is BEARISH. PRICE IS ABOVE RESISTANCE OF 33.40 WHICH IS BULLISH. Look for a
trend reversal.
7. BILL - BILLING CONCEPTS
Price = 24.31 (MACD) indicates a BEARISH TREND. Relative Strength is BEARISH
Volume indicators point to BILL being under ACCUMULATION. Stochastics indicate stock is OVERSOLD
8. WCOM - WORLD COM
Price = 43.44 Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Relative Strength is BULLISH
9. LOR - LORAL SPACE COMM
Price = 31.63 (MACD) indicates a BEARISH TREND
Chart pattern showing a STRONG upward trend and the Relative Strength is BULLISH
Volume indicators show that the stock is under ACCUMULATION. Lots of big blocks going through on
Thursday.
10. ZLC - ZALES
Price = 24.06 PRICE IS ABOVE RESISTANCE OF 29.85 WHICH IS BULLISH
STOCK broke DOUBLE TOP (Bullish) Point & Figure Chart Formation Yesterday. Very good company.
I've traded it many times before earnings. Relative Strength and Volume indicators show ZLC is under
ACCUMULATION.
11. BOCB - BUFFETS
Price = 15.44 (MACD) indicates a BULLISH TREND, Relative Strength is BULLISH and other indicators
show stock is under ACCUMULATION. At 16, BOCB will have a POINT & FIGURE (BULLISH)
DOUBLETOP breakout.
12. HELE - HELEN OF TROY
Price = 22.25 (MACD) indicates a BULLISH TREND, all other indicators are bullish. Volume patterns
and moving averages are all pointing to a strong upward tarend. look for support at 20.60. Price is
now above resistance of 21.81
13. LUV - SOUTHWEST AIRLINES
(MACD) indicates a BEARISH TREND, Indicators are bearish but the prices is above resistance of
26.50 which is bullish. Started what could have been a trend reversal on T |
