Stocks and Investing Stocks and Investing
Mon, May 23, 2011

SCVL, GOV, BANF, HGR, PSMT, CTRN Expected to Trade Down After Bearish Patterns Develop


Published on 2011-05-23 06:40:29 - WOPRAI
  Print publication without navigation


May 23, 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. SHOE CARNIVAL INC (NASDAQ:SCVL), GOVERNMENT PROPERTIES INCOME (NYSE:GOV), BANCFIRST CORP (NASDAQ:BANF), HANGER ORTHOPEDIC GROUP INC (NYSE:HGR), PRICESMART INC (NASDAQ:PSMT), CITI TRENDS INC (NASDAQ:CTRN) 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  
     SCVL       SHOE CARNIVAL INC                   Breakout (Stocks) DO                Support Break(1)        3         
     GOV        GOVERNMENT PROPERTIES INCOME        Breakout (Stocks) DO                50 % Retracement        1         
     BANF       BANCFIRST CORP                      Trending (Stocks) DO                Support Break(1)        4         
     HGR        HANGER ORTHOPEDIC GROUP INC         Breakout (Stocks) DO                Support Reversal(1)     4         
     PSMT       PRICESMART INC                      Reversal (Stocks) DWC               Trend Line Reversal(3)     5         
     CTRN       CITI TRENDS INC                     Breakout (Stocks) DO                Trend Line Break(3)     2         
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

SHOE CARNIVAL INC (NASDAQ:SCVL) - Shoe Carnival, Inc., together with its subsidiaries, operates as a footwear retailer. Its stores offer dress and casual shoes, sandals, and boots, as well as a range of athletic shoes, such as running, basketball, and fitness shoes for men, women, children, and athletics. The company also provides accessory items, including handbags, shoe care items, and socks. It owns various registered trademarks and servicemarks, consisting of Shoe Carnival, The Carnival, Donna Lawrence, Oak Meadow, Victoria Spenser, Via Nova, Innocence, Carnival Lites, Y-NOT, UNR8ED, Solanz, and 93 Octane. As of January 30, 2010, the company operated 311 stores in 30 states primarily in the midwest, south, and southeast regions of the United States. Shoe Carnival, Inc. was founded in 1978 and is based in Evansville, Indiana.

GOVERNMENT PROPERTIES INCOME (NYSE:GOV) - Government Properties Income Trust operates as a real estate investment trust (REIT) in the United States. It primarily owns and leases office buildings that are leased mainly to government tenants. As of December 31, 2009, it owned 33 properties located in 16 states and the District of Columbia. The company qualifies 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 stockholders. The company was founded in 2009 and is based in Newton, Massachusetts. Government Properties Income Trust is a subsidiary of HRPT Properties Trust.

BANCFIRST CORP (NASDAQ:BANF) - BancFirst Corporation operates as a holding company for BancFirst that provides a range of commercial banking services to retail customers and small to medium-sized businesses in the non-metropolitan trade centers of Oklahoma and the metropolitan markets of Oklahoma City, Tulsa, Lawton, Muskogee, Norman, and Shawnee. The companys retail and commercial banking services include commercial, real estate, agricultural, and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; retail brokerage services; insurance; and overdraft protection and autodraft services. It offers various deposit services, such as checking, NOW, savings, money market, sweep, club, and individual retirement accounts, as well as certificates of deposit. The companys loan portfolio comprises commercial loans offered to small to medium-sized businesses engaged in light manufacturing, local wholesale and retail trade, commercial and residential real estate development and construction, services, agriculture, and the energy industry; commercial mortgages; working capital lines of credit; and other forms of asset-based financing. BancFirsts loan portfolio also includes financing for automobiles, residential mortgage loans, home equity loans, and other personal loans, as well as guaranteed student and home loans. In addition, the company offers trust services and acts as executor, administrator, trustee, and transfer agent. Further, it offers investment management and administration of trusts for individuals, corporations, and employee benefit plans; and investment options comprising pooled equity and fixed income funds. As of December 31, 2009, BancFirst operated 85 banking locations serving 47 communities in Oklahoma. It was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. The company was founded in 1984 and is headquartered in Oklahoma City, Oklahoma.

HANGER ORTHOPEDIC GROUP INC (NYSE:HGR) - Hanger Orthopedic Group, Inc. engages in the ownership and operation of orthotic and prosthetic (O&P) patient-care centers in the United States. Its orthotics business include the design, fabrication, fitting, and maintenance of a range of standard and custom-made braces and other devices that provide external support to patients suffering from musculoskeletal disorders, such as ailments of the back, extremities or joints, and injuries from sports or other activities. The companys prosthetics business consists of designing, fabricating, fitting, and maintaining custom-made artificial limbs for patients, who are without limbs as a result of traumatic injuries, vascular diseases, diabetes, cancer, or congenital disorders. Hanger Orthopedic Group also distributes branded and private label O&P devices, as well as develops programs to manage various aspects of O&P patient care for large private payors. In addition, the company manufactures and distributes therapeutic footwear for diabetic patients in the podiatric market; and offers various products for its patient-care centers, as well as for patients, who have had a loss of mobility due to strokes, multiple sclerosis, or other similar conditions. As of December 31, 2009, it operated 677 O&P patient-care centers in 45 states and the District of Columbia. The company was founded in 1861 and is headquartered in Bethesda, Maryland.

PRICESMART INC (NASDAQ:PSMT) - PriceSmart, Inc. owns and operates warehouse clubs in the United States, Latin America, and the Caribbean. Its warehouse clubs sell consumer goods and perishable foods at low prices to individuals and businesses, as well as offers ancillary services, which include food courts, tire centers, and photo centers. As of August 31, 2010, the company operated 27 warehouse clubs in 11 countries and 1 U.S. territory, including 5 in Costa Rica; 4 each in Panama and Trinidad; 3 in Guatemala; 2 each in Dominican Republic, El Salvador, and Honduras; and 1 each in Aruba, Barbados, Jamaica, Nicaragua, and the United States Virgin Islands. PriceSmart, Inc. was founded in 1994 and is headquartered in San Diego, California.

CITI TRENDS INC (NASDAQ:CTRN) - Citi Trends, Inc. operates as a retailer of urban fashion apparel and accessories in the United States. Its merchandise includes sportswear, dresses, outerwear, footwear, and intimate apparel and accessories, as well as an assortment of home decor items. The company provides fashion sportswear for men, women, and children comprising various offerings for newborns, infants, toddlers, boys, and girls; and accessories, such as handbags, jewelry, belts, and sleepwear. Citi Trends offers its products primarily to African-Americans in the United States. As of January 29, 2011, it operated 461 stores in urban and rural markets in 27 states. The company was founded in 1946 and is headquartered in Savannah, Georgia.

About BUYINS.NET

BUYINS.NET, www.buyins.net , monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

INVESTMENTS & TRADING

SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

DISCLAIMER:

BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BUYINS.NET has not been compensated by any of the above mentioned companies. Past performance is not indicative of future results. Please visit our web site, www.buyins.net , for complete risks and disclosures.

Contact:

BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net www.buyins.net

Contributing Sources