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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: croonerjim who wrote (94722)	4/25/2000 9:17:00 PM
From: Long John	Read Replies (2) \| Respond to of 120523

JDSU, DLTR. Hi all. I have not posted for awhile because I have been occupied with some personal matters as well as some new research on Earnings Plays. Let me give a little analysis of a couple of stocks. A lot of attention is focused on JDSU earnings tonight and for good reason since the stock rose 13 points before the close. But another Market Gems EP could be the better choice for tomorrow - DLTR. It also reported after the bell, and had a technical breakout at 15:00 today. OBV, RSI, and ROC all turned up. +DI crossed above -DI and ADX began to rise. New trends that start this near to earnings release normally continue on through earnings. Now look at JDSU. Its chart was in this same technical position late yesterday, with RSI, ROC, OBV breakouts and +DI/-DI crossover. Today JDSU exhausted its new trend quickly, so the drop in price after hours is warranted. An EP with ADX rising over 40 (15 minute chart) and -DI falling below 15 just before earnings usually corrects afterwards. One more: BOBJ. Tomorrow is the last trading day before earnings, based on the expected report date of 4/27 before the bell. It had a good gain in the last two hours today. May make more gains tomorrow but if it does expect it to correct after earnings, just like JDSU. concentric.net John