new CANSLIM swing longs: CYNO

CYNO is bouncing off support near the 50 dma, on above average volume. This is a very pretty chart (it is not very beautiful because of the red BOP in April) with all the max green BOP and accumulation in the chart since February. EPS is growing between 60% and 500% the past six quarters and sales are growing 23% to 53% the past eight quarters, while estimates for 07 and 08 earnings are for a 76% and 29% increase. Fund ownership has increased from 15 funds to 16 funds and management owns 37%, showing that the big boys like this stock. This is a very pretty chart. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

new speculative CANSLIM swing longs: PTI ATK CRNT ARGN

PTI is breaking out of a short cup pattern, on extremely strong volume. The breakout is made more powerful with BOP going max green and staying that way three day ago and with all that huge accumulation the past three days. The EPS is growing between 14% and 90% the past four quarters and sales are growing between 20% and 52% the past eight quarters, with esitmates in 07 and 08 for gains in earnings of 25% and 10%. However, despite the strong fundamentals, fund ownership has fallen from 11 to 8 funds the past four quarters. That, along with the low average daily volume and higher risk, makes this a risky long for emotional inexperienced investors. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

ATK is bouncing off near term support and close to breaking out of this two-weeks-tight base, on average volume. This move is a good place to go long ATK as you are very close to a cut loss area, if this stock is not ready to move. The green BOP since late April and the solid uptrend from the February breakout helps make this a pretty chart. EPS has grown between 7% and 20% the past four quarters and sales has grown between 8% and 17% the past eight quarters, with estimates for 07 and 08 for 19% and 12% gains in earnings. Fund ownership has barely increased from 150 to 154 funds, but funds still own 45% of this stock. I would keep this long smaller, as the attempted breakout is from a shorter base. Cut your loss with a close below the 98.31 area, if the stock does not move higher immediately.

CRNT is bouncing off near term support and the pivot point area of the mid May breakout, on very strong volume. This chart is very pretty with all the max green BOP in October and November of last year and during the most recent uptrend in May. The accumulation and price action, during the max green BOP also gives it that added beauty. This chart pattern is very short and this is more of a starter position area than an area where to load up on. The chart needs more time. EPS has grown between 33% and 300% the past eight quarters and sales has grown between 27% and 64% during the past eight quarters, with estimates for 07 and 08 for 79% and 30% gains respectively. Despite the hot chart and fundamentals, this long must remain smaller due to the short base. Cut your loss with a close below the 7.35 level, if the stock does not move higher immediately.

ARGN is bouncing off of support in this high tight base and breaking out past the last seven days closing highs, on below average volume. This chart is very beautiful on the very short term, with BOP going max green as the stock was breaking out in May and stayed max green while it created this tight base. This move appears to be a pre-breakout move. EPS grew 100% in the most recent quarter and sales have grown between 13% and 56% the past seven quarters, and estimates for 07 and 08 earnings are for 50% gains YOY. Fund ownership has grown from 15 to 21 the past four quarters and all the accumulation in the chart confirms that. Despite the strong fundamentals and nice chart, this should still be a smaller long as there is no volume on this pre-breakout move. Cut your loss with a close below the 15.04 level, if the stock does not move higher immediately.

new speculative swing longs: MYGN

MYGN is bouncing off support and starting to breakout of this short cup base on base pattern, on strong volume. This has been a nice chart since December, with all the green BOP and big accumulation days in 2007. The earnings are bleeding red ink and sales is actually growing nicely between 23% and 73% the past eight quarters. Fund ownership has risen from 94 to 117 the past four quarters, showing that funds want the stock despite the red ink in EPS. Emotional inexperienced traders should consider keeping this very small or not going long at all, since it is of lower quality compared to the other new longs. The chart, though, is still clean and green, so it is not that horrible if you do go long. Cut your loss with a close below the 37.09 level and/or the 50 dma, if the stock does not move higher immediately.

adding to existing speculative CANSLIM longs: FALC TRT

FALC is breaking out and retaking the 50 dma, on strong volume. BOP has bounced back to the green territory, helping bring this chart back to the “one of the best looking charts this year” category. This bounce here will replace some of the stock that I bought in April and sold around seven days ago. EPS growth is between 100% and 233% the past four quarters and sales have grown between 10% and 77% the past eight quarters, and earnings estimates for YOY 07 and 08 are for gains of 142% and 45% respectively. With that strong growth, fund ownership is starting to move up with funds increasing from 32 to 34 the past four quarters. Cut your first loss with a close below the 50 dma and your final loss with a close below the 10.49 level, if the stock does not move higher immediately.

TRT is bouncing off near term support which is right near the pivot point of the May breakout, on very strong volume. This is a very pretty chart since September and has only gotten more pretty after the move in May. What is very clear about this chart, going back to September, besides the green BOP and all the accumulation, is that there in absolutely no high volume selling in this stock going back to early/mid November. EPS has grown between 267% and 999% the past five quarters and sales has grown between 10% and 110% the past six quarters, and fund ownership has grown from 5 to 10 during the past four quarters. Even though this chart is pretty and the fundamentals are strong, emotional inexperienced traders should keep this stock small as there is a risk of a 10% loss on a natural pullback for the potential rewards. Cut your first loss with a close below the 18.76 level and your final loss with a close below the 18.11, if the stock does not move higher immediately.

adding to speculative longs: WTT

WTT is bouncing off very strong support that is near the 50 dma, on strong volume. This stock chart is very beautiful since the end of March, but there was a span of max BOP from November to December that helped. In April, this stock started moving higher on heavier volume, green BOP, and intraday prices put in bullish reversals closing higher and off the lows in almost EVERY session. During the sideways action in May, the stock has been putting in bullish price reversals almost everyday, been rising on heavier volume, and BOP has been max green the entire time. Too bad the EPS and sales growth aren’t like the beautiful chart. EPS growth has gone back to the red and sales growth is slowing into the single digits, but fund ownership did grow from 10 to 11 during the past four quarters. Despite this beautiful chart the past two months, the stock’s fundamentals do not warrant a long from emotional inexperienced traders. The low price of the stock is also a negative. Cut your first loss with a close below the 2.84 level and your final loss with a close below the 50 dma, if the stock does not move higher immediately.