thetechnicaltrader.net

The XSNX breakout i pre-warned yesterday occured today with a great looking run on increased volume conjoined with a 15.8% rally. Momentum here looking very strong and valuation on this stock is much higher.

I entered a long position at .495

I’ve taken much notice to XSNX recently as the chart has become increasingly bullish and is currently consolidating in a very attractive pattern in which a breakout could possibly result in a very strong move. Beacon Equity Research has written quite an extensive report on this company and believe they could have revenue of $275m by the year 2010 with margins reaching 40%. With these estimates they have given XSNX a 12 month price target of $1.50/share.

For the Full report visit here : http://www.beaconequityresearch.com/reportsonline/XSNX

Technically this looks like XSNX is ready to bust to the upside in a possible very strong move in our favor. With the speculation and growth around solar energy a penny stock like this could become very volatile. This triangular consolidation pattern will turn into a buy signal if and when price breaks out from the previous peak created on 12/17 which kick started this latest move that is also a breakout from a year long descending channel.

I’m not ready to buy this yet but have it on very close watch for a breakout of .485

Keep an eye open on this sucker

OTCBB:

SNEN
UGTH
TWRT
UTVG ** - Chart shaping up very nicely and valued around 16.80/share. Looks like a good buy.
XSNX*

Major Exchanges:

ASTI
GRC
CHINA
EFUT
KUN
solf

ADPI made a huge 84% move today on news of there settlement in which got the uglyness out of the way and price action on the rebound from its huge recent sell off.

Let me quote Elizabeth Trotta from thestreet.com

“American Dental Partners (ADPI - Cramer’s Take - Stockpickr - Rating) shares soared Thursday after the company, which provides business services to dental group practices, settled with PDG, a doctor group affiliated with PDHC, one of the company’s Minnesota subsidiaries.On Dec. 12, a U.S. jury found American Dental Partners liable for compensatory damages of $88.29 million for breach of service agreement, and on Dec. 13, also awarded PDG punitive damages of $42.25 million for interference with contract and prospective advantage.

Under the settlement announced Thursday, American Dental Partners agreed to transfer leases and associated assets related to 25 of 31 Park Dental facilities to the doctor group and to forgive $3 million in outstanding accounts receivable. American Dental Partners will also provide interim management services to PDG for up to nine months, for which the doctor group will pay the company a management fee of $19 million.”

Fundamentally this stock is depressed in value with a low forward PE of just 8.5 entailing a fair future value around $24/share. Analysts median estimate is $21/share.

Here an illustration of the possible short term day trade setup as this stock should be quite volatile in either direction tomorrow.

HAUP made an impressive move from a technical standpoint today up over 17% on heavily increased volume to breakout from a double bottom pattern in the face of the bear making it appear that this stock is back in favor of the bulls. HAUP reported an increase of 58% in net income over fy 06 with .39 eps excluding tax deference and fully diluted compared to .24eps in 06′. HAUP has been growing at a substantial rate as the previous year of 05′ they reported just .14eps fully diluted. HAUP also stated that they have purchased 142k shares on the open market in the third and fourth quarter as part of a stock repurchase plan.

At the current price of 4.96 HAUP is undervalued as its trading below the Computer Peripherals industry average P/E of 21x earnings while HAUP is at a low 13.4x earnings giving them a current fair value around $8/share. As HAUPS earnings grew 71% in 06′ and 58% in 07′, I think we could conservatively say that HAUP will be able to grow at least 40% into 2008 which would give them an estimated .51 eps for 2008 or a very attractive forward P/E ratio of 9.72x compared to the 21.7x average multiple. Given this information we could give HAUP a future fair value within its industry around $11.06/share which entail upside potential of 123% given todays closing price.

Overall HAUP looks like its in a position  to make a continuation on the long side with multiple aspects for speculation including a bullish breakout, positive growing fundamentals, low valuation, and a stock repurchase program. I want to be long HAUP.

OTCBB:

AMNT - great looking technical double bottom
CAGC
UTVG
SNEN

MAJOR EXCHANGES:

CBAK
SOLF -
ADPI
TLCV
VWPT
HAUP ** - STRONG Q4 AND FY RESULTS TODAY COMBINED WITH A BEAUTIFUL CHART. LETS DIG INTO THIS
XING
CSUN - Could have capitalized on this double bottom i called out yesterday…….
GRRF* - UNDERVALUED HERE AT 10. FAIR VALUE UP NEAR 16

Just noticed EVOL recently after is Xmas eve huge 28% rally and quite impressive breakout. Looking at the past 3 years EVOL has been fairly unsuccessful at maintaining profitabiltiy until they pulled out a small annual profit of .06 eps in 2006. It appears they will report around .16 eps for the year of 07′ and analysts are expecting earnings of .27 in 2008. Given these estimates EVOL is fairly valued within its industry at around 9.18/share compared to todays closing price of 3.06. This gives us upside potential of nearly 200%.

Technically this stock has been in a downtrend ever since the tech bubble of 99/00 . Recently in 07 price has stabilized and as of dec 24th this stock has returned to the favor of a bullish trend and a hot looking stock chart. Price broke through the double top resistance on heavy volume and a strong 28% rally. With such a strong move we should expect some profit taking into tomorrows session. I think it will provide us with a good opportunity to pick up some shares around 2.80 - 2.40.

Merry Xmas and Happy Holidays Everyone!

otcbb:

UGTH
CXPO
GSPG
DGLY

MAJOR EXCHNAGES:

EVOL - chart looks great. Valuation looks great. Lets buy this!
SVN
SVA - positive Bird flu vaccine results: up another 10% after hours
XRM - chart looks set to breakthrough horizontal resistance in the low 6’s. Valuation up near $10. Keep on watch
SOLF

Member Ket brought this stock to my attention early this morning prior to todays beautiful breakout. PTSC has been traded here at ttt.net in the past for a failure of me losing 10%… DOH! It looks like we are in the works of making that money back now as PTSC.OB broke through horizontal and descending resistance around .65 with todays close of .674 with increased volume to back up this breakout.

Analysts are expecting PTSC to report  earnings of .08 on revenues of $3.68m aka a 231% increase in revs over 07′.

Take a look at all the recent PR’s of new contracts PTSC has been receiving which we can thank for this latest bullish chart action.

With forward earnings of .08, PTSC.OB is fairly valued within its industry at around 1.70 which we get by multiplying to 08′ earnings estimates by the industries average earnings multiple of 21.36.

Everything looks like a go here for PTSC to hear towards $1

look i told you cows could fly!

OTCBB:

PTSEF
TNRO*
PTSC*
CNOA - I HATE THIS STOCK!!!! 
GSPG
CXPO*
TWRT
MCGL

Major Exchanges:

CRDC
LDK* - I shoulda kept up on this one Oliver……. DOH!!
NFI - great looking chart reversal set up
SORC
NUVO
SCA*
PMI
ASTI
RAD
UTHR*

Avid readers of my work here probably quite familiar with this stock as we have already traded it for a 150%+ gain and recently just traded for around a 25% 1 day trade on the Earnings Call. After some consolidation and a great looking breakout from the symmetrical triangle pattern on increased volume it looks like CDS is ready to possibly make another significant run in favor of the bulls from a technical standpoint and has the #’s to back it up.

Recently CDS just raised their forward guidance which gave us that nice boost on our earnings trade and analysts are expecting now .97 eps for the year of 2008. Given the Management services current 22x earnings multiple this gives CDS a strong forward valuation of .97 multiplied by the 22x earnings ratio which in turn values CDS fairly within its industry around $21.34/share. Todays closing price was 10.73 which gives us a lot of upside potential here for gains near 100%.

I alerted earlier this week on CDS on the shoutbox to watch for the breakout of the symmetrical triangle for a buying opportunity. I took this opportunity today and purchased at 10.15 for a soon to be profitable trade, right? Right!

Major Exchanges:

ORCL
SID
CNX
CPHD
NX
ARG
CTV
GEL
CHNR
CPSL*
CBAK*
KUN - Finally got some Volume in here
FLOW
SEED
RCH
BTH*
ABH*
TLCV
ADLR*

OTCBB:

CNOA
CAGC
PUDC - Nice call on this one Ket

Bullish Stock Charts:

Major Exchanges:

POM
OI
ACS - Fair value in the 70’s, current stock price = 43.62. Chart in bullish reversal
CXW
ACGL
ECG
ATVI
CQB
AZO* - Bullish reversal in play, fair value nea4 $200/share, Current stock price = $128
CMGI*

OTCBB:

CHNG
CNOA
PUDC
SKNN

Long and Strong:

OTCBB:

WWAT
POCC*
UFYC
THPW
CPHI
TPLM*
CXPO
NSOL
CNOA*

MAJOR EXCHANGES:

THC
ATW
SIRI*
XMSR

Bear Meat:

IBM
GFI
RIMM
TIFF
DLM
MENT
DELL