Polypore International (PPO), a technology filtration
company, has been going down for five days since
it hit the $57 resistance area. It is well below $43
support area as of the close today (2/15).
The following weekly chart shows PPO has been
in a down trend since the week of 8/8/2011 (the
red bars on the first pane).
It has underperformed the market S&P 500 most
of the time. It is down 36% since 8/8/2011, while
the market is up 13% for the same period. This is
a 49% underperformance.
PPO is scheduled to release earnings on 2/22
after the market close and earnings conference
2/23 morning. PPO had better come out with
bullish earnings and outlook on 2/22 to reverse
the trend ...
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in PPO over the next 72 hours.