ABG, SUPG, XIDE, NVTL, SSD, HOV Expected to Trade Up After Bullish Patterns Develop
May 31, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring top technical trading patterns and these stocks are the most likely to trade Up in the coming weeks. ASBURY AUTOMOTIVE GROUP (NYSE:ABG), SUPERGEN INC (NASDAQ:SUPG), EXIDE TECHNOLOGIES (NASDAQ:XIDE), NOVATEL WIRELESS INC (NASDAQ:NVTL), SIMPSON MANUFACTURING CO INC (NYSE:SSD), HOVNANIAN ENTERPRISES-A (NYSE:HOV) are all expected to go Up as Bullish 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 Up along with pattern, strategy and strength ratings.
Symbol Company Strategy Pattern Name Strength ABG ASBURY AUTOMOTIVE GROUP Reversal (Stocks) DWC Common Gap 3 SUPG SUPERGEN INC Breakout (Stocks) DO Trend Line Break(2) 5 XIDE EXIDE TECHNOLOGIES Reversal (Stocks) DWC Broadening Continuation 2 NVTL NOVATEL WIRELESS INC Reversal (Stocks) DWC Support Reversal(1) 1 SSD SIMPSON MANUFACTURING CO INC Reversal (Stocks) DWC Trend Line Break(2) 3 HOV HOVNANIAN ENTERPRISES-A Reversal (Stocks) DWC Wedge, Rising 1Chart 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
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.
SUPERGEN INC (NASDAQ:SUPG) - Supergen, Inc., a pharmaceutical company, primarily engages in the discovery and development of therapies to treat patients with cancer. The companys products in research and development include Amuvatinib, a multi-targeted Tyrosine Kinase Inhibitor that is specific for mutant forms of c-kit, PDGFRa, and FLT3; SGI-1776Pim Kinase Inhibitor, a novel, orally administered, small molecule anticancer compound that blocks the pro-survival activity of Pim kinases, allowing these potentially malignant cells to self-abort; and SGI-110DNMT1 inhibitor that is in pre-clinical development stage. Its discovery programs comprise JAK2 inhibitor, Axl inhibitor, and ETK/BMX inhibitors; and products that are sublicensed or sold include Dacogen. The company was founded in 1991 and is based in Dublin, California.
EXIDE TECHNOLOGIES (NASDAQ:XIDE) - Exide Technologies, together with its subsidiaries, engages in the manufacture and supply of lead-acid batteries for the transportation and industrial energy applications. The company offers transportation batteries comprising ignition and lighting batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine, and other applications. It sells its batteries under Centra, DETA, Exide, Exide Extreme, Exide NASCAR Select, Orbital, Fulmen, and Tudor, as well as other private labels brands. The companys industrial energy business offers motive power batteries and network power batteries. The motive power batteries are used in electric forklift trucks, floor cleaning machinery, powered wheelchairs, railroad locomotives, mining, and electric road vehicles. It also offers various battery chargers and related equipment for the operation and maintenance of battery-powered vehicles. The network power batteries provide back-up power during temporary power failure, which are used in telecommunications systems, computer installations, hospitals, air traffic control, security systems, utility, railway, and military applications. The network power batteries are sold under Absolyte and Sonnenschein brands. The company sells its transportation batteries through mass merchandisers, auto parts outlets, wholesale distributors, battery specialists, national account customers, retail stores, OEM dealers, automotive parts and battery wholesalers, auto centers, service installers, and oil companies. It sells industrial energy products to OEM suppliers of lift trucks, industrial companies, retail distributors, warehousing companies, manufacturers, and various agents. The company operates primarily in the United States, France, Germany, Italy, Spain, and Poland. Exide Technologies was founded in 1888 and is based in Milton, Georgia.
NOVATEL WIRELESS INC (NASDAQ:NVTL) - Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. The company primarily offers third generation (3G) products. It provides intelligent mobile hotspots, which offer WLAN and WWAN wireless connectivity to up to five users simultaneously from a range of devices, including notebook computers, music players, and digital cameras, as well as a platform to host software applications under the MiFi brand name; and embedded PCI express mini card modems that are designed for integration into multiple laptop platforms and other wireless devices under the Expedite brand name. The company also offers USB modems, which provide wireless connectivity to desktop and other fixed computing devices, as well as to laptop PCs and other portable computing devices; and Merlin wireless PC card and expresscard modems that offer mobile subscribers with high-speed wireless access to data, including corporate, public, and personal information through Internet and enterprise networks. In addition, it provides MobiLink Mobile Communications software suite, an application that enables a user to access to connectivity features, such as SMS, multimedia messaging, and virtual private networking. The company serves wireless operators, laptop PC and other original equipment manufacturers, distributors, and various companies in other vertical markets. It has strategic relationships with Alcatel-Lucent, Dell, QUALCOMM, Sprint PCS, Verizon Wireless, Virgin Mobile, Vodafone, and Telefonica. The company was founded in 1996 and is based in San Diego, California.
SIMPSON MANUFACTURING CO INC (NYSE:SSD) - Simpson Manufacturing Co., Inc., through its subsidiaries, engages in the design, engineering, manufacture, and sale of building products. The company offers wood-to-wood, wood-to-concrete, and wood-to-masonry connectors; screw fastening systems and collated screws; stainless steel fasteners; and pre-fabricated shear walls. It also provides adhesives, mechanical anchors, carbide drill bits, and powder actuated tools for concrete, masonry, and steel markets. Simpson Manufacturing Co. markets its products for the residential construction, light industrial and commercial construction, remodeling, and do-it-yourself markets in the United States, Europe, Canada, Asia, Australia, New Zealand, Mexico, and other countries in central and South America and the Middle East. It distributes its products to home centers through wholesale distributors, contractors and dealers, and original equipment manufacturers. The company was founded in 1956 and is based in Pleasanton, California.
HOVNANIAN ENTERPRISES-A (NYSE:HOV) - Hovnanian Enterprises, Inc. engages in homebuilding and financial services businesses in the United States. The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes. It markets and builds homes for first-time buyers, first and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters. The company offers homes for sale in 192 communities in 40 markets in 18 states in the United States. It also provides various financial services, including originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.
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