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Thu, May 26, 2011

CPTS, NEWT, TRGT, LDK, WAC Expected to Trade Down After Bearish Patterns Develop


Published on 2011-05-26 06:50:43 - WOPRAI
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May 26, 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. CONCEPTUS INC (NASDAQ:CPTS), NEWTEK BUSINESS SERVICES INC (NASDAQ:NEWT), TARGACEPT INC (NASDAQ:TRGT), LDK SOLAR CO LTD -ADR (NYSE:LDK), WALTER INVESTMENT MANAGEMENT (AMEX:WAC) 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  
     CPTS       CONCEPTUS INC                       50day MA crosses below 200day MA     Death Cross             2         
     NEWT       NEWTEK BUSINESS SERVICES INC        50day MA crosses below 200day MA     Death Cross             2         
     TRGT       TARGACEPT INC                       50day MA crosses below 200day MA     Death Cross             5         
     LDK        LDK SOLAR CO LTD -ADR               50day MA crosses below 200day MA     Death Cross             5         
     WAC        WALTER INVESTMENT MANAGEMENT        50day MA crosses below 200day MA     Death Cross             5         
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

CONCEPTUS INC (NASDAQ:CPTS) - Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications. It offers Essure, a permanent birth control system for women. The Essure system delivers a micro-insert into a woman's fallopian tubes, causing benign tissue in-growth that blocks the fallopian tubes. The company distributes its products through direct sales force and distributor networks primarily to physicians and hospitals. It primarily operates in the United States, France, and the rest of Europe. Conceptus, Inc. was founded in 1992 and is headquartered in Mountain View, California.

NEWTEK BUSINESS SERVICES INC (NASDAQ:NEWT) - Newtek Business Services, Inc., through its subsidiaries, provides business services to the small-and medium-sized business markets in the United States. It provides electronic payment processing services, including the marketing of credit and debit card processing services; check approval services; and ancillary processing equipment and software to merchants who accept credit cards, debit cards, checks, and other non-cash forms of payment. The company also provides shared and dedicated hosting services, such as domain registration, Linux-based Web hosting, and Web-based data storage and back-up services under the CrystalTech brand name. In addition, it originates, sells, and services small businesses loans by the U.S. Small Business Administration to acquire commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions. Further, the company offers personal, commercial, and health/benefits line of insurance products to customers of affiliated companies, as well as alliance partners; accounts receivable financing, billing, and accounts receivable maintenance services; Web design and development services; off-site data backup, storage, and retrieval services; and payroll management processing and employee tax filing services. It has strategic partnerships and contracts primarily with Credit Union National Association; PSCU Financial Services; and Fiserv Solutions, Inc. The company was founded in 1998 and is headquartered in New York, New York.

TARGACEPT INC (NASDAQ:TRGT) - Targacept, Inc., a biopharmaceutical company, engages in the design, discovery, and development of novel Neuronal Nicotinic Receptors (NNR) Therapeutics for the treatment of diseases and disorders of the central nervous system. The companys pipeline of clinical-stage product candidates includes TC-5214, which completed Phase II b clinical trial for treating depressive disorders; AZD3480, which completed Phase II clinical trial in adults with attention deficit/hyperactivity disorder (ADHD) for the treatment of ADHD; AZD1446 that completed multiple Phase I trial for Alzheimers disease and ADHD; TC-5619, which is in Phase II clinical trial targeting cognitive dysfunction in schizophrenia and one or more other conditions characterized by cognitive impairment; and TC-6987, which is in Phase I trial targeting disorders characterized by inflammation. It has collaboration agreements with AstraZeneca AB for the development and commercialization of TC-5214 as a treatment for major depressive disorders; and a strategic alliance with GlaxoSmithKline to discover, develop, and market product candidates that selectively target specified NNR subtypes in specified therapeutic focus areas. The company was founded in 1997 and is based in Winston-Salem, North Carolina.

LDK SOLAR CO LTD -ADR (NYSE:LDK) - LDK Solar Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic products; and development of power plant projects. It offers multicrystalline and monocrystalline wafers to the manufacturers of solar cells and modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, which include ingots and polysilicon scraps, and other chemicals to produce polysilicon and solar wafers. In addition, it involves in the development of solar projects in Europe and China; and provision of engineering, procurement, and construction services in China. The company sells solar modules to developers, distributors, and system integrators. It has operations in the Asia Pacific, Europe, and North America. The company was founded in 2005 and is headquartered in Xinyu city, the Peoples Republic of China. LDK Solar Co., Ltd. operates as a subsidiary of LDK New Energy Holding Limited.

WALTER INVESTMENT MANAGEMENT (AMEX:WAC) - Walter Investment Management Corp., a real estate investment trust (REIT), operates as a mortgage portfolio owner and mortgage servicer, specializing in sub prime, non-conforming, and other credit challenged residential loans primarily in the southeastern United States. It also operates mortgage advisory and insurance ancillary businesses. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 1958 and is based in Tampa, Florida.

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