e-mail: WWW,DRTE, RXSD, BRKS (technical and fundamental analysis)
WWW has been the closest thing to trading perfection in the last two weeks. It was a Market Gems pick right before the upswing began in earnest. In the past retreat from retails and especially 'shoe retailers' WWW's retreat was a case of the baby being thrown out with the bathwater. WWW, you might recall, was always a successful earnings play. Wednesday, it reports earnings. It was a sell on 9/21 after a successful uptrend since October 9, but now before earnings, I thing it will continue a bigger uptrend...
Earnings velocity: from $0.21 centslast quarter to estimated $0.26 this quarter to $0.56 next quarter.. Earnings on target.
technicals: MACD possitive, WWW is under accumulation.. 7 day, 10 day and 30 day moving average are bullish. Money Flow Indicators are up and bullish, Looking for momentum gain in the next 1-3 trading sessions.
09/10/98 8.500 9.00 8.062 8.750 452,500
09/11/98 8.875 9.687 8.812 9.062 652,300
09/14/98 9.937 10.125 9.625 9.812 318,800
09/15/98 9.937 10.000 9.312 9.437 273,400
09/16/98 9.562 11.062 9.562 10.687 586,300
09/17/98 10.437 11.375 9.937 11.062 725,500
09/18/98 11.187 12.500 11.125 12.125 553,700
09/21/98 12.062 14.250 11.500 13.687 830,400
|
