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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Joan Roth who wrote (38554)5/6/1999 3:12:00 PM
From: Jenna  Read Replies (2) of 120523
 
AEIC watch list yesterday up 2 1/8, EP #1 5/11, #1 5/13 Earnings plays both, MNC and MACR

MNC up on an upgrade, had a great earnings report that went relatively unnoticed until now. techstocks.com
techstocks.com


EP #1 5/11, 98 1/2 resistance. We are looking for the downtrend to reverse. Chart is mixed with relative strength bullish and MACD bearish. This one is still under accumulation with a large gap between its relative strength for the year at 97 and lagging technical rank at 50. Growth is expected to be about 30% a year going forward. It's not over valued and it has almost twice the average daily volume. I posted looking for some calls as soon as the price reversed. It made a nice high this morning and IMHO you should look at the high and not the way the market is dragging it down. Its 52 week high is $101.5 and so far 17 big blocks have gone by. I'm watching it as well. It's best to pick it up on weakness of the DOW than on strength looking to pick up some options near the close. It's been an earnings play 4 out of 4 seasons.

#1 5/13 not a hi flyer but a steady grower. It was up nicely yesterday and its crawling towards positive territory. Again here we hope for weakness so it could be good for a "pop" near the 13th. It was an earnings play once before and did well. Struggling in a down market that will tend to pull it down. but still holding near day high and down only 1/16 as I post.
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