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Mon, April 18, 2011

SNX, MDCI, ISH, TWI, GBX, RT Expected to Trade Down After Bearish Patterns Develop


Published on 2011-04-18 05:11:19 - WOPRAI
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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. Synnex Corp (NYSE:SNX), MEDICAL ACTION IND INC (NASDAQ:MDCI), INTL SHIPHOLDING CORP (NYSE:ISH), TITAN INTERNATIONAL INC (NYSE:TWI), GREENBRIER COMPANIES INC (NYSE:GBX), RUBY TUESDAY INC (NYSE:RT) 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  
     SNX        Synnex Corp                         Reversal (Stocks) DWC               Flag, Rising            1         
     MDCI       MEDICAL ACTION IND INC              Reversal (Stocks) DWC               Resistance Break(1)     5         
     ISH        INTL SHIPHOLDING CORP               Reversal (Stocks) DWC               Broadening Top          1         
     TWI        TITAN INTERNATIONAL INC             Reversal (Stocks) DWC               Broadening Continuation     1         
     GBX        GREENBRIER COMPANIES INC            Reversal (Stocks) DWC               Volume Trend            1         
     RT         RUBY TUESDAY INC                    Breakout (Stocks) DO                Breakaway Gap           1         
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

Synnex Corp (NYSE:SNX) - SYNNEX Corporation (SYNNEX), incorporated in November 1980, is a global information technology (IT) supply chain services company. It offers services to IT original equipment manufacturers and software publishers (collectively OEMs) and reseller customers worldwide. The supply chain services that the Company offers include product distribution, related logistics, contract assembly and demand generation marketing. In its distribution operations, SYNNEX purchases IT systems, peripherals, system components, packaged software and networking equipment from OEM suppliers, such as HP, IBM, Intel, Lenovo and Microsoft, and sell them to its reseller customers. The Company's contract assembly operations are generally related to building IT systems, such as network security appliances, servers and workstations.

The Company distributes a range of IT products, including IT systems, peripherals, system components, software and networking equipment for more than 100 OEM suppliers. SYNNEX's largest OEM supplier is HP. Revenue from the sale of HP products represented approximately 28% of the Company's revenue during the fiscal year ended November 31, 2005 (fiscal 2005).

SYNNEX operates 16 distribution facilities in the United States, Canada, China, Japan and Mexico. In fiscal 2005, SYNNEX distributed IT products to more than 15,000 resellers. The customers of its contract assembly business are IT product OEMs seeking to outsource product assembly and production logistics. In fiscal 2005, SYNNEX's primary contract assembly customer was Sun Microsystems.

The Company offers a variety of services to its distribution and contract assembly customers. SYNNEX provides logistics support to its reseller customers, such as outsourced fulfillment, virtual distribution and direct ship to end users. Other logistics support activities provided include generation of customized shipping documents, multi-level serial number tracking for customized, configured products, and online order and shipment tracking. It also provides logistics support both individually and in bulk directly to resellers, other distributors and end users. The Company maintains electronic data interchange (EDI) and Web-based communication links with many of its reseller customers.

SYNNEX offers reseller customers financing options, including net terms, third-party leasing and floor plan financing, letters of credit and arrangements. It also offers marketing activities targeting specific resellers, including direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows and Web-based marketing.

Contract assembly customers are provided with materials procurement and management activities, including planning, purchasing, expediting and warehousing system components and materials used in the assembly process. SYNNEX provides its OEM assembly customers with systems design, build-to-order (BTO) and configure-to-order (CTO) assembly capabilities.

The Company competes with Bell Microproducts, Ingram Micro, Tech Data, Benchmark Electronics, Sanmina-SCI and Solectron.

MEDICAL ACTION IND INC (NASDAQ:MDCI) - Medical Action Industries Inc. and its subsidiaries develop, manufacture, market, and supply disposable medical products in the United States. Its products include patient bedside utensils, such as wash basins, bedpans, pitchers and carafes, urinals, and emesis basins; and minor procedure kits and trays comprise I.V. start kits, central line dressing trays, suture removal trays, laceration trays, and instruments and instrument trays. The company also offers containment systems for medical waste, including biohazardous waste containment and autoclave bags, non-infectious medical waste containment bags, chemotherapy waste containment bags, laundry and linen containment systems and disposable bags, laboratory specimen transport bags, patient belonging bags, sharps containment systems, and equipment dust covers. Its operating room disposables and sterilization products comprise disposable operating room towels, surgical marking pens, needle counters, disposable surgical light handle covers, convenience kits, surgical headwear and shoe covers, isolation gowns, sterilization pouches, sterilization monitoring products, patient aids, crutches, walkers, canes, and patient slippers; and dressings and surgical sponges consist of burn dressings, disposable laparotomy sponges, specialty surgical sponges, gauze sponges, sponge counting systems, net, and padding and wound care products. In addition, the company provides laboratory products, such as petri dishes, specimen containers, commode specimen collectors, triangular graduates, and tri-pour beakers. It serves acute care facilities; physician, dental, and veterinary offices; out-patient surgery centers; long-term care facilities; and laboratories. Medical Action markets its products through direct sales personnel, as well as a network of healthcare distributors. The company was founded in 1977 and is headquartered in Brentwood, New York.

INTL SHIPHOLDING CORP (NYSE:ISH) - International Shipholding Corporation, through its subsidiaries, provides maritime transportation services to commercial and governmental customers primarily under medium to long-term time charters or contracts of affreightment in the United States and internationally. The company also offers ship charter brokerage and agency services. As of December 31, 2009, it operated a fleet of 41 ocean-going vessels, including U.S. flag pure car/truck carriers (PCTCs) designed to transport automobiles, trucks, and vehicles; international flag PCTCs with the capability of transporting heavyweight and large dimension trucks and buses; multi-purpose vessels; container vessels; tanker vessels that are used to transport supplies; U.S. flag molten sulphur vessel that is used to carry molten sulphur; and special purpose vessels modified as roll-on/roll-off (RO/RO) vessels to transport loaded rail cars; U.S. flag conveyor belt-equipped self-unloading coal carrier; RO/RO vessels that permit deployment of rolling stock, munitions, and other military cargoes; U.S. flag and international flag container ships; double hull handy-size bulk carrier newbuildings; and bulk carriers. The company was founded in 1978 and is headquartered in Mobile, Alabama.

TITAN INTERNATIONAL INC (NYSE:TWI) - Titan International, Inc. and its subsidiaries manufacture wheels, tires, and assemblies for off-highway vehicles used in the agricultural, earthmoving/construction, and consumer markets in the United States. It offers rims, wheels, and tires for use on various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment, and sells these products directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers, and through its own distribution centers. The company also provides rims, wheels, and tires for various off-the-road earthmoving, mining, military, and construction equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, and backhoe loaders. In addition, it offers wheels and tires; and assembles brakes, actuators, and components for boat, recreational, and utility trailer markets, as well as builds various products for all-terrain vehicles, turf, golf car, and trailer applications. The company was founded in 1890 and is based in Quincy, Illinois.

GREENBRIER COMPANIES INC (NYSE:GBX) - The Greenbrier Companies, Inc. engages in the design, manufacture, and marketing of railroad freight car equipment in North America and Europe. It offers double-stack railcars; boxcars used in forest products, automotive, perishables, and general merchandise applications; covered hopper cars for grain and cement industries; gondolas and coil cars for steel and metal markets; conventional railcars; center partition cars for forest products industry; bulkhead flat cars; flat cars for automotive transportation; and solid waste service flat cars. The company also provides pressurized tank cars for liquid petroleum gas and ammonia; non-pressurized tank cars for light oil and chemical products; coal cars; and sliding wall cars, as well as ocean-going barges, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and ocean-going barges. In addition, it involves in the repair and refurbishment of railcars for third parties, as well as for its own leased and managed fleet; provision of wheel services, including reconditioning of wheels, axles, and roller bearings; and production of recondition railcar cushioning units, couplers, yokes, side frames, and bolsters, as well as roofs, doors, and associated parts for boxcars. Further, the company offers finance lease programs. Additionally, it provides management services that comprise railcar maintenance management; railcar accounting services, such as billing and revenue collection, and car hire receivable and payable administration; and fleet management, including railcar tracking, administration, and remarketing. The company also produces railcar castings through a joint venture. It owns approximately 8,000 railcars; and provides management services for approximately 225,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing companies. The company was founded in 1974 and is based in Lake Oswego, Oregon.

RUBY TUESDAY INC (NYSE:RT) - Ruby Tuesday, Inc., together with its subsidiaries, develops, operates, and franchises casual dining restaurants in the United States, Puerto Rico, Guam, and internationally. The company operates its restaurants under the Ruby Tuesday brand, as well as owns and operates two Wok Hay restaurants. As of June 1, 2010, it owned and operated 656 casual dining restaurants in 27 states and the District of Columbia; and franchise partnerships operated 116 restaurants, as well as traditional franchisees operated 49 domestic and 58 international restaurants in the United States, the Asia Pacific Region, India, the Middle East, Puerto Rico, Guam, Canada, Iceland, eastern Europe, and Central and South America. The company was founded in 1920 and is based in Maryville, Tennessee.

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