Monday, April 14, 2008

Stocks for April 14, 2008

Here are the weekly stocks the passed three or more of my five filters. RIMM is back on top of the heap, passing all five.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
BUCY112 1A+
RIG111 1A+
AGU 11 1A+
AXYS 11 1A+
JOYG 11 1A+
LNN  111A+
MON 11 1A+
NFLX 12 1A+
NOV111  A+
PCLN  111A+
PRGO 11 1A+
WFT1 1 1A+
CLHB 12 1A
ESRX 11 1A
FLIR 11 1A
GLW 12 1A
KEX 12 1A
MANT 11 1A
MATK 11 1A
VIP111  A

Martek Biosciences (MATK) is back on the core list, having dropped off a month ago. The company still develops and manufactures essential fatty acids, such as docosahexaenoic acid (DHA) and arachidonic acid (ARA). I take DHA and EPA supplements each morning because of some of the claimed benefits of better brain function and a lower risk of cardiovascular disease.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
PCLN9Earn 17-Apr
RIG9Earn 7-May
RIMM7Earn 25-Jun
FLIR6Earn 24-Apr
KWK5Earn 7-May
MA5Earn 28-Apr
MUR5Earn 30-Apr
POT5Earn 24-Apr

moving down this week
moving up this week
new this week

I had a great time presenting "Technical Analysis, the odds-on favorite" at the Charlotte Chapter of the AAII. It was a great crowd, with one guy coming from Greensboro and another from Columbia, SC. I hope it was worth the gas money!

During the meeting, I pointed out a bullish divergence for Delta Air Lines. One attendee pointed out the avalanche of bad news concerning airlines in general and Delta in particular. His point was well taken, but it may be at the heart of technical analysis: since the stock was not moving lower, and the MACD was moving higher, it indicated that the bears were losing their will to push the stock further down. It's also possible that the bad news had already been accounted for in the stock price. That meant that DAL had some upside potential. On Monday morning, there was some talk of Delta merging with Northwest, and it was up as much as 5%. (I'm not trying to call a bottom here, but it is nice when the indicators line up and make sense!)

Oh, I finished my taxes, also. By the way, H&R Block offers a charming online program, which does not substitute for the CD version. Little things, like importing your stock transactions, cannot be done online. The people at the Davis Lake H&R office were kind and took pity on me, and gave my taxes a once over. (I'm still scratching my head, but by removing a $114 penalty, I pay $299 less in federal taxes and get a larger NC refund.)

Happy trading.

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