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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: profit_guy who wrote (29982)	3/29/1999 1:31:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

PEP and JMED..CMVT. CMVT..It did break out of a 'cup & handle' chart formation. marketgems.com CMVT is a classic example of a stock that is slightly overbought when it reports. It performs well during the year (usually a 90+ for Relative Strength) performs well on anticipation, (a week or 1 day before earnings) totters right after the report, (the handle) and then regains ground after a small pullback (what I just described is exactly a cup & handle breakout). same thing happened with XCIT and BMET and ACTU. I'm experimenting with 'chart pattern formations' on the earnings plays and so far I like what I see. JMED and PEP. Ones that were 'called' on Friday and continuing their ascent and have broken through major support. I have PEP as a possible position trade. Don't ignore some of our more 'solid' picks. The nets are great but with these two you have more 'staying power' when the 'nets are down.