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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 (14571)9/12/1998 4:36:00 PM
From: Jenna  Read Replies (4) of 120523
 
Interesting observation on companies reporting in the next 2 weeks.

I was searching among the ruins of companies with pre-announced earnings shortfall, and companies whose earnings estimates were revised downwards. I found 12 companies that, although they are trading near the bottom of their 52 week high, they were making higher gains in the last few days, than the companies on the opposite end of the continuum (companies with higher EPS estimates).

Of course I don't deduce that they are necessarily better buys. The better earners are also trading about 30-40% off their highs. It's just like the post I made previously, exchange2000.com it's good to have them on the 'earnings plays' watch list because like GADZ, NN and others they might be poised for a bullish trend reversal.. Especially if their earnings report have any kind of good news going forward for them, or 'surprises'. What this means is that for the next 6 weeks, we have to watch both groups for signs of price/volume breakouts..
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