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.
Symbol | Top Ranked | Zacks | PEG | SuppDem | VL | IBD Stock checkup |
RIMM | 1 | 1 | 1 | 1 | 1 | A |
BUCY | 1 | 1 | 2 | 1 | A+ | |
RIG | 1 | 1 | 1 | 1 | A+ | |
AGU | 1 | 1 | 1 | A+ | ||
AXYS | 1 | 1 | 1 | A+ | ||
JOYG | 1 | 1 | 1 | A+ | ||
LNN | 1 | 1 | 1 | A+ | ||
MON | 1 | 1 | 1 | A+ | ||
NFLX | 1 | 2 | 1 | A+ | ||
NOV | 1 | 1 | 1 | A+ | ||
PCLN | 1 | 1 | 1 | A+ | ||
PRGO | 1 | 1 | 1 | A+ | ||
WFT | 1 | 1 | 1 | A+ | ||
CLHB | 1 | 2 | 1 | A | ||
ESRX | 1 | 1 | 1 | A | ||
FLIR | 1 | 1 | 1 | A | ||
GLW | 1 | 2 | 1 | A | ||
KEX | 1 | 2 | 1 | A | ||
MANT | 1 | 1 | 1 | A | ||
MATK | 1 | 1 | 1 | A | ||
VIP | 1 | 1 | 1 | 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):Symbol | Passing weeks | Earnings |
BUCY | 10 | |
PCLN | 9 | Earn 17-Apr |
RIG | 9 | Earn 7-May |
ISRG | 8 | |
LIFC | 8 | |
ESRX | 8 | |
FLS | 7 | |
RIMM | 7 | Earn 25-Jun |
WFR | 6 | |
FLIR | 6 | Earn 24-Apr |
GLW | 6 | |
TNE | 5 | |
KWK | 5 | Earn 7-May |
MA | 5 | Earn 28-Apr |
MUR | 5 | Earn 30-Apr |
POT | 5 | Earn 24-Apr |
MATK | 5 | |
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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