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Strategies & Market Trends : C-A-N-S-L-I-M...Using O'Neil and his methods...

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To: Coolcat895 who wrote (317)12/29/1996 11:16:00 PM
From: Phil Rogers   of 344
 
I have been looking at this since it formed its cup a few weeks ago. I put the following information together over the weekend. Sorry it took so long to post. I plan on jumping in AM. Any further thoughts. It looks like a pretty good CANSLIM pick, with a fresh breakout.

C - 50% A - 35% / See below for more quater/year numbers

N - New High Breakout; Close-14 5/8; 52wk high-14 11/16;
52wk low-6 1/8; 5yr high-14 11/16

S - 3.0 Million shares float, 44% Mgt Ownership
L - RS-97; EPS-98; Acc/Dist-B; Group Rank-B
I - 8 funds own; 8% institutional ownership
M - Potentially Good?

Prior 8 Qtr EPS
0.12 0.24 100% inc
0,10 0.15 50% inc
0.20 0.22 10% inc
0.21 0.28 33% inc
Current Qtr EPS 0.36 - 50% inc

Prior Years EPS
0.21
0.75 257%
1.01 35% (current)

Brief Company Description:
Engineered Support Systems is the holding company for military equipment manufacturers Engineered Air Systems and Engineered Specialty Plastics. The company's subsidiary Engineered Air Systems makes air conditioners for preflight cooling of F-15, F-16, F-111, and C-5 aircraft. It also makes water distribution and storage systems for US Air Force bases and automatic and manual temperature-controlled space heaters for the US Army. The company's Engineered Specialty Plastics subsidiary makes such molded plastics products as television cabinets and backs, containers for food processing, and lawn and garden tools.

Graph Pattern:
2 month cup followed by 2 1/2 week declining handle.
Thursday 12/26, there was an early breakout to 13 on increased volume.
Friday 12/27, there was a confirming larger breakout on even greater volume.
(a 687% volume increase), listed near the top of the IBD Volume Chart,

Phil

Coolcat - sorry, I know you have seen this before.
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