SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jenna who wrote (42301)5/27/1999 4:44:00 PM
From: Jenna  Read Replies (2) of 120523
 
Just answered an e-mail from a new member, thought it would be helpful for the thread.

Buy signals are generated using trendlines, indicator breakouts and support resistance lines. Usually in the watch list I would indicate the resistance. Sometimes it is not readily apparent, so I look for breakouts. Today for example both BVSN and SPLN had very nice and clear stochastic 9/3 day breakouts.. and TWTC had a bollinger band breakout and RSI breakout.. SCNT broke through every indicator on the list, but because it is new you really have to 'call it intraday' as there are not many technical chart patterns to go by.

Also if you notice on the watch list we include the range.. If a stock closes as SCNT and TWTC did on the 100% point of its intraday range, it is one stock I'll watch particularly well the next day. and SPLN for example was sitting on its 10 day moving average (10MA =99.5) so you would look for a moving average breakout as well as a stochastic/RSI for confirmation. TLAB was much the same with a nice chart, very oversold stochastic yet it closed 96% of its intraday trading range. Its like being a detective and looking for 'clues' of what the morrow might bring.

BRCM is a real gem of a stock, but you won't find it down that much. yesterday it closed on the 96th percentile of its intraday range, but another clue is that it close 93% off its 4 week high, so we are looking for a breakout off the 4 week high, and just had a 10 day moving average breakout (102.0) (a number over a hundred means that much above the moving average that is specified). BRCM is also trading well above its 50 day moving average (not like the other nets at 130.9) with exploding volume (178%).. so you might expect a continuation of the strong uptrend. A glance at the stochastic on the chart of BRCM shows no overbought stochastic or wilder RSI. The stock was down at the close but had a comfortable intraday range of 6 points. BRCM which is an particularly strong uptrend and broke immediate resistance of 102-103 today. You can't expect too much breakout here (there is more resistance at 107).. but its a solid stocks and good for trading but even better as a long time hold.

EGRP did not trigger, but if you look at the abbreviations on the watch list you can see it is far from its 10 day moving average (85.3), even below its 50 day moving average (96.8).. the stochastics are extremely oversold (15.8).. and it closed on the 73rd percentile of its intraday range on Wednesday, not a very optimistic signal. And true to the signals, EGRP sunk even further away from support.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News