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Michel Lahaye
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I'm a passionate lecturer Psychology, trader and cofounder of the Trading Website http://www.chartmill.com We supply Trading tools, Special Indicators, Stock Charts and Screeners for traders. Some examples are VWAP, Effective Volume, Relative Strength Lines, ...
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  • Interesting Long Candidates For This Week 0 comments
    Mar 22, 2012 2:18 PM | about stocks: MTOR, MDVN, ZAGG
    Several stocks keep on rolling out of our scanners. Today I selected 3 stocks with interesting volume patterns and (in one case) interesting fundamentals. Let's take a look:

    TickerIndustryEPS this YEPS Next Y
    MTORConsumer Goods, Auto Parts319.72%40.52%
    MDVNBiotechnology-11.93%-88.10%
    ZAGGSpecialty Retail52.80%16.25%

    If we take a peak on the charts we notice that our biotech stocks - who have the lowest fundaments - have made the biggest gains.

    Fascinating how the stock market sometimes doesn't care about core fundamentals. Therefore we always use technical analysis to be our guide in the decision making process.

    From all four stocks, MTOR is showing a very interesting Effective Volume pattern. It launched higher on high volume. It is also showing huge large player buying (red line). Finally, MTOR has the highest fundamental rank in this list.

    MTOR - Arvinmeritor

    MDVN could break out above the 75 price level. It is showing slow but steady large player accumulation and offers a nice place to put in a protective stop (around 69).

    ZAGG has good fundamentals, but due to it's downwarded slope it can just be played on the short term, aiming for a 10% gain, while trailing it with a stop.

    Zagg Inc

    As always, control your risk. This post is no advice to bull or sell underlying assets.

    Check out this analysis on our website!

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MTOR, MDVN over the next 72 hours.

    Stocks: MTOR, MDVN, ZAGG
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