CPY, DRRX, BID, ABG, N, PNY Expected to Trade Down After Bearish Patterns Develop
April 18, 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. CPI CORP (NYSE:CPY), DURECT CORPORATION (NASDAQ:DRRX), SOTHEBY'S (NYSE:BID), ASBURY AUTOMOTIVE GROUP (NYSE:ABG), NETSUITE INC (NYSE:N), PIEDMONT NATURAL GAS CO (NYSE:PNY) 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 CPY CPI CORP Breakout (Stocks) DO (+1) Trend Line Break(5+) 2 DRRX DURECT CORPORATION Breakout (Stocks) DO Volume Trend 4 BID SOTHEBY'S Reversal (Stocks) DWC Wedge, Falling 1 ABG ASBURY AUTOMOTIVE GROUP Reversal (Stocks) DWC Broadening Continuation 2 N NETSUITE INC Reversal (Stocks) DWC Trend Line Break(2) 1 PNY PIEDMONT NATURAL GAS CO Reversal (Stocks) DWC 38 % Retracement 5Chart 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
CPI CORP (NYSE:CPY) - CPI Corp., through its subsidiaries, manufactures and sells professional portrait photography of young children, individuals, and families. It offers portrait photography of babies, preschoolers, school-age children, adults, families/groups, weddings, passports, and churches, as well as cruise ships, conventions/events, glamour, and business portraits. The companys PMPS brand focuses on the sale of packages and portrait collections. It operates under the PictureMe Portrait Studio, Walmart Portrait Studios, and Estudios Fotografia de Walmart names. The company also operates portrait studios in Walmart stores and supercenters. In addition, it provides on-line sales and services through its Website. As of May 1, 2010, the company operated 2,907 professional portrait studios in the United States, Canada, Mexico, and Puerto Rico principally under license agreements with Sears and Toys R Us, as well as under lease and license agreements with Walmart. CPI Corp. was founded in 1979 and is based in St. Louis, Missouri.
DURECT CORPORATION (NASDAQ:DRRX) - DURECT Corporation focuses on the development of pharmaceutical products for pain, central nervous system disorders, cardiovascular disease, and other chronic diseases based on its proprietary drug formulations and delivery platform technologies. Its products include Remoxy, an oxycodone gelatin capsule for chronic pain, which is accepted as a new drug application; POSIDUR, a release formulation of bupivacaine that is under Phase III clinical trial for post operative pain; ELADUR, a transdermal bupivacaine patch, which is under Phase II clinical trial, provides continuous delivery of bupivacaine for up to three days from a single application, as well as for the treatment of pain associated with post-herpetic neuralgia; and TRANSDUR-Sufentanil, a proprietary transdermal sufentanil patch, which is under Phase II clinical trial, provides continuous delivery of sufentanil for a period of up to seven days from a single application. The companys products also comprise oral controlled release opioid for pain that is under the Phase I clinical trial; and ORADUR-ADHD, a preclinical trial product targeting attention deficit hyperactivity disorder. It markets ALZET, the miniature implantable osmotic pumps and accessories for experimental research in mice, rats, and other laboratory animals. The company also develops and manufactures various biodegradable polymers based on lactide, glycolide, and caprolactone under the LACTEL brand for pharmaceutical and medical device clients, as well as conducts research and development of pharmaceutical products in collaboration with third party pharmaceutical and biotechnology companies. The company has strategic agreements with Alpharma Ireland Limited; Nycomed Danmark, ApS; Pain Therapeutics, Inc.; Endo Pharmaceuticals Inc; Curaxis Pharmaceutical Corporation; ALZA Corporation; EpiCept Corporation; NeuroSystec Corporation; and King Pharmaceuticals, Inc. DURECT Corporation was founded in 1998 and is based in Cupertino, California.
SOTHEBY'S (NYSE:BID) - Sothebys, one of the oldest auction houses in the world, is an auctioneer of various properties including fine art, antiques, decorative art, jewelry, and collectibles. The New York companys finance subsidiary offers certain collectors and dealers financing, primarily secured by works of art. It is also involved in licensing activities. Sothebys dealer segment sells works of art directly to private collectors and museums and acts as a broker in private purchases and sales of art. Sothebys, founded in 1744, operates principally in the U.S, Britain, and China.
ASBURY AUTOMOTIVE GROUP (NYSE:ABG) - Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. The company offers various automotive products and services, including new and used vehicles and related financing; vehicle maintenance and repair services; replacement parts; and insurance, warranty, and extended service contracts. Its new vehicle sales comprise the sale of new vehicles, including light vehicles and heavy trucks to individual retail customers and commercial customers. The companys used vehicle sales include the sale of used vehicles to individual retail customers and other dealers at auction. Asbury Automotive Group also arranges for financing the sale or lease of new and used vehicles to customers. As of December 31, 2009, it operated 106 franchises at 81 dealership locations, and 25 collision repair centers. The company was founded in 1995 and is headquartered in Duluth, Georgia.
NETSUITE INC (NYSE:N) - NetSuite Inc., together with its subsidiaries, provides an on-demand integrated business management application suite to businesses and divisions of companies worldwide. The company offers NetSuite, a suite of applications that provide accounting/enterprise resource planning, customer relationship management, and e-commerce functions. It also provides industry-specific editions of its service for wholesale/distribution, services, and software companies. In addition, NetSuite Inc. sells additional on-demand application modules to obtain additional functionality required for specific business needs. The company also offers NetSuite business operating system, a technology platform that allows customers, partners, and developers to tailor and extend its suite to meet specific company, vertical, and industry requirements for personalization, business processes, and practices. Further, it offers customer support and professional services related to its suite. The company delivers its suite over the Internet as a subscription service using the software-as-a-service model, as well as through relationships with channel partners. NetSuite Inc. offers its products and services to companies operating in various industries, including distribution and wholesale; professional, consulting, and other services; computer software; e-commerce and retail; manufacturing; computer and information technology services; telecommunications services; financial services; healthcare services; and education. It has a strategic partnership with Genpact Limited. The company was founded in 1998 and is headquartered in San Mateo, California.
PIEDMONT NATURAL GAS CO (NYSE:PNY) - Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee. It also operates various energy-related businesses, including unregulated retail natural gas marketing, interstate natural gas storage, and intrastate natural gas transportation. As of October 31, 2009, the company served 952,469 retail customers and 61,000 customers served by municipalities. Piedmont Natural Gas Company, Inc. was founded in 1949 and is headquartered in Charlotte, North Carolina.
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