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Mon, February 28, 2011

PTY, OHI, DAKT, BSP, SENEA, SQQQ Expected to Trade Down After Bearish Patterns Develop


Published on 2011-02-28 09:40:25 - WOPRAI
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February 28, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring top technical trading patterns and these stocks are the most likely to trade Down in the coming weeks. PIMCO CORPORATE OPPORTUNITY (NYSE:PTY), OMEGA HEALTHCARE INVESTORS (NYSE:OHI), DAKTRONICS INC (NASDAQ:DAKT), AMERICAN STRATEGIC INCOME II (NYSE:BSP), SENECA FOODS CORP - CL A (NASDAQ:SENEA), PROSHARES ULTRAPRO SHORT QQQ (NASDAQ:SQQQ) are all expected to go Down as Bearish signals have been generated by top technical trading patterns. We monitor these patterns: Support Break, Support Reversal, Breakaway Gap, Measured Gap, Exhaustion Gap, Resistance Break, Resistance Reversal, Saucer Reversal, Volume Climax, Volume Trend, Fibonacci Reversal, Consolidation Breaks, Trend Line Break,Trend Line Reversal, Candles, Golden Crosses, Death Crosses and more. The chart below displays the stocks expected to go Down along with pattern, strategy and strength ratings.

     Symbol     Company                             Strategy                            Pattern Name            Strength  
     PTY        PIMCO CORPORATE OPPORTUNITY         AllTimeHigh, AboveSMA200            Technical               4         
     OHI        OMEGA HEALTHCARE INVESTORS          UpXXL, CrossAboveUpperBoll, AboveSMA200     Technical               3         
     DAKT       DAKTRONICS INC                      CrossAboveSMA200, 1st Quarter       Technical               5         
     BSP        AMERICAN STRATEGIC INCOME II        TrendDayUp, February                Technical               3         
     SENEA      SENECA FOODS CORP - CL A            CrossAboveSMA50, Friday             Technical               4         
     SQQQ       PROSHARES ULTRAPRO SHORT QQQ        TrendDayDown                        Technical               3         
Chart Pattern Recognition is based on a 20-year patterns database. This database is used to determine pattern strength for patterns as they appear. There is no optimization and the pattern signals never change. For each pattern variation, we record accuracy and profitability statistics in a patterns database. From this information, we are able to define strength ratings from 1 to 5. The '1' rating shows ALL patterns while a '5' rating shows the best patterns according to profitability. Each pattern has its own strength rating factors. The result is an automatic ranking system that allows us to only show the BEST patterns. You can see that, at Strength 5, virtually all the patterns are profitable. The pattern strength rating system separates the most profitable patterns. The specific technology used to make these predictions is available for a low monthly fee at: http://www.squeezetrigger.com/services/sw/ot.php

PIMCO CORPORATE OPPORTUNITY (NYSE:PTY) - Pimco Corp Oppty Fund

OMEGA HEALTHCARE INVESTORS (NYSE:OHI) - Omega Healthcare Investors, Inc. operates as a real estate investment trust (REIT) in the United States. The company invests in healthcare facilities, principally long-term healthcare facilities in the United States. It provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs), as well as to assisted living facilities (ALFs), independent living facilities (ILFs), and rehabilitation and acute care facilities. As of December 31, 2009, the companys portfolio of investments consisted of 295 healthcare facilities, including 265 SNFs, 7 ALFs, and 5 specialty facilities; fixed rate mortgages on 14 SNFs; 2 SNFs owned and operated by the company; and 2 SNFs that are held for sale. Omega Healthcare Investors, Inc. has been qualified as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1992 and is based in Hunt Valley, Maryland.

DAKTRONICS INC (NASDAQ:DAKT) - Daktronics, Inc., through its subsidiaries, engages in the design, manufacture, marketing, and support of electronic display systems, as well as related products, maintenance, and professional services worldwide. The companys products include sports products, such as indoor and outdoor scoreboards, timing systems, digit displays, sound systems, statistics software, and other related products; and automated rigging and hoist products comprising automated rigging systems, which complement arena center-hung scoreboard/display systems for small and large sporting facilities. It also offers video products consisting of displays, such as a number of pixels capable of creating various levels of video, graphics, and animation, as well as controllers that manage the operation of the display; commercial products, which include various indoor and outdoor applications primarily as graphics and text-based displays; and transportation products, including a range of LED-based display products for road management, parking, mass transit, and aviation applications. In addition, Daktronics provides software products, including Venus 1500 control software that allows the creation, display, and scheduling of dynamic text and basic graphics content on electronic displays; Venus 7000 display control system, which controls multi-color displays and video displays; and Visiconn control software that is used to display targeted messages to specific audiences and to control large networks of digital displays. Further, it engages in the rental of its display equipment. Daktronics distributes its products through a combination of direct sales personnel and resellers. The company was founded in 1968 and is based in Brookings, South Dakota.

AMERICAN STRATEGIC INCOME II (NYSE:BSP) - American Strat Inc Pt 2

SENECA FOODS CORP - CL A (NASDAQ:SENEA) - Seneca Foods Corporation engages in the production and distribution of processed fruits and vegetables, frozen vegetables, and other food products in the United States. The companys products include canned, frozen, and bottled produce and snack chips that are sold under private label, as well as national and regional brands that it owns or licenses, including Seneca, Libbys, Aunt Nellies Farm Kitchen, Stokelys, Read, and Diamond A. It packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as selects Green Giant frozen vegetables for General Mills Operations, LLC under its alliance agreement. The company sells its products through grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores to food service distributors, industrial markets, other food processors, and export customers, as well as federal, state, and local governments for school and other feeding programs. Seneca Foods Corporation was founded in 1949 and is headquartered in Marion, New York.

PROSHARES ULTRAPRO SHORT QQQ (NASDAQ:SQQQ) - ProShares UltraPro Short QQQ

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