Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (17275)	10/21/1998 1:02:00 PM
From: Jenna	Read Replies (2) of 120523

In RYL (Ryland Group).. 22 7/16 Market "GEM" earnings play. 5 earnings surprises in the last 5 quarters. 63% growth estimated this quarter and a peg of .19 (one of the lowest I've seen with these fundamentals) RYL had 90% positive earnings surprise last quarter. Earnings out 23, left message with investor relations. This might not be a 'mover and shaker' but its a fine company that could give a nice bounce or be a good position trade for the next week or two. Technicals: yesterday pierced resistance of 21. Volume patterns show that RYL is under accumulation. Up volume has been much higher than down volume in the past few days, its volume 243% more than 30 day average volume. MACD fast line just crossed the slow line and the MACD historgram was already a buy but is now close to breaking upwards through the center line. Fundamentals: Rated "1" for timeliness from Value line.. NEWS: Ryland stock is an attractive selection for the six to 12 months ahead. Recent strongshare-price and earnings momentum reflects the company's successful effort in improving its operating efficiency in the home building segment. Continued, albeit tempered, strength in the domestic economy should keep demand at solid levels over the next several quarters; we expect inflation to remain under control and personal income levels to stay healthy Since 1995, positive earnings matchups have essentially become the rule. The turnaround is partly due to enhanced cost controls. Strong new-home sales volume has led to betterabsorption of labor and raw-materials costs. The higher volumes can be attributed to the company's ability to offer a wide variety of pre-designed units and innovative features while accurately assessing a home buyer's needs. Declining borrowing rates and solid job growth have supported rising demand for Ryland homes. Current demographics are favorable, as evidenced by the growing population of baby boomers in their peak earning years. The number of deal closings is increasing at a decent clip. Parts of article reprinted courtesy of Value Line valueline.com

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