Breakouts for Nov 18th: The first pick, ADCT, was a current short play from August 18th, but Thursday's heavy volume move through the 200- and 50-day MA looks to have put paid to this. The company is set to report earnings on December 13th; which will include a $3.6m charge for job cuts. Thursday's rally was a mix of short covering, and fresh buying as the stock shapes the start of a right-hand-side base into December's earnings. A move to $24.00 will trigger a point-n-figure breakout - so there is still some work to do here. Play this for a move to resistance. The second pick, CHB, is a current Gold Member feature from September 1st. The stock is shaping a potential breakout of $15.00 which could come as early as Friday but is more likely to occur early next week. On-balance-volume has marked a new near term high which is often a leading indicator to price. There is some risk from the bearish divergence in the MACD trigger line - but this won't become a key concern until $15 is breached. There is no upcoming announcement which could account for the move to $15 resistance. A move to $15.50 will trigger a double top breakout on the point-n-figure chart which holds a current price target of $20.50. The third pick, RNWK, last featured as a Gold member pick for May 6th. Thursday's move completed an upside symmetrical triangle breakout with a measured move target to $11.15. Some positive coverage in a recent Smartmoney article helps maintain buoyant interest in the stock. The 'Sell' signal in the MACD trigger line has to be taken in the context of a rising MACD histogram (=bullish consolidation). The point-n-figure chart shows a quadruple top breakout from October 11th with a price target of $16.25 - but the stock still has plenty of work to do before we can consider the latter target as realistic.

Back to top

Back to top

Back to top

"IBD" refers to Investors Business Daily

Disclaimer

The information found on the Fallond Stock Picks Inc. website (www.fallondpicks.com) has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. Accordingly, investors should not act on any information in this site without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. However, such information has not been verified by Fallond Stock Picks Inc. or any of its employees, Fallond Stock Picks Inc. makes no representations or warranties or takes any responsibility as to the accuracy of completeness of any recommendation or information contained herein. Fallond Stock Picks Inc. accepts no liability to the recipient whatsoever whether in contract, in tort, for negligence, or otherwise for any direct or consequential loss of any kind arising out of the use of the information provided on this website, or of the recipient relying on any such recommendation or information (except insofar as any statutory liability cannot be excluded). Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice. Fallond Stock Picks Inc., or their respective affiliates or their officers, directors, analysts, or employees may have positions in securities referred to herein. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities mentioned herein. This document does not purport to be a complete description of the securities market or developments to which reference is made. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. Fallond Stock Picks Inc. and their affiliates make no representation that the companies which issue securities which are the subject of their research reports are subject to, or in compliance with certain informational reporting requirements imposed by the Securities Exchange act of 1934. Sales of securities or services covered in any report or on the web site may be made in only those jurisdictions where such securities or services and Fallond Stock Picks Inc. are qualified for solicitation. Fallond Stock Picks Inc. does not warrant, represent or endorse the accuracy or reliability of any of the information, content, advertisements, or Third Party Sites and Content (as defined below) (collectively, the "Materials") contained on, distributed through, or linked, downloaded or accessed from Fallondpicks.com, nor the quality of any products, information, or other materials displayed, purchased, or obtained by you as a result of an advertisement or any other information or offer on or in connection with Fallond Stock Picks Inc. You acknowledge that any use of or reliance upon any Materials shall be at your sole risk. Fallond Stock Picks Inc. reserves the right, in its sole discretion and without any obligation, to make modifications to any portion of the Fallondpicks.com web site or publications at any time. You acknowledge and agree that you bear responsibility for your own investment research and investment decisions, and that Fallond Stock Picks Inc. shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of Fallondpicks.com. Prior to any transaction in securities, you should consult with a qualified professional securities or financial advisor.

Copyright 2004-2005 Fallondpicks.com

Click here for sample newsletter

User id: member email address password: "gold"

Allow 24 hours to set up web site access

Subscription rates

12 months for $119 (save 33%)

6 months for $79.99 (save11%)

$14.99 monthly by credit card