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Tue, January 10, 2012

ITI, CPWM, DRQ, SNX, DWSN, RS Expected to Trade Up After Bullish Patterns Develop


Published on 2012-01-10 06:20:15 - WOPRAI
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January 10, 2012 / 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. ITERIS INC (AMEX:ITI), Cost Plus Inc (NASDAQ:CPWM), DRIL-QUIP INC (NYSE:DRQ), Synnex Corp (NYSE:SNX), DAWSON GEOPHYSICAL CO (NASDAQ:DWSN), RELIANCE STEEL & ALUMINUM (NYSE:RS) 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  
     ITI        ITERIS INC                          50day MA crosses above 200day MA     Golden Cross            2         
     CPWM       Cost Plus Inc                       50day MA crosses above 200day MA     Golden Cross            1         
     DRQ        DRIL-QUIP INC                       50day MA crosses above 200day MA     Golden Cross            4         
     SNX        Synnex Corp                         50day MA crosses above 200day MA     Golden Cross            4         
     DWSN       DAWSON GEOPHYSICAL CO               50day MA crosses above 200day MA     Golden Cross            1         
     RS         RELIANCE STEEL & ALUMINUM           50day MA crosses above 200day MA     Golden 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

ITERIS INC (AMEX:ITI) - Iteris, Inc. operates in the traffic management market that focuses on the development and application of advanced technologies that reduce traffic congestion, and improve the safety of surface transportation systems infrastructure. The company operates in three segments: Roadway Sensors, Vehicle Sensors, and Transportation Systems. The Roadway Sensors segment offers Vantage, Versicam, and Pico vehicle detection systems for traffic intersection control, incident detection, and certain highway traffic data collection applications. This segments product line uses advanced image processing technology to capture and analyze video images through sophisticated algorithms to enable vehicle detection, and transmission of video images and data using a range of communication technologies. It sells roadway sensor products through indirect sales channels comprising a network of independent dealers in the United States and Canada. The Vehicle Sensors segment addresses the causes of roadway fatalities, such as lane change, roadway departure, and rear-end collision accidents. This segment offers lane departure warning (LDW) products, including AutoVue LDW system. It sells LDW systems to heavy truck manufacturers and to the United States truck fleets. The Transportation Systems segment includes transportation engineering and consulting services that are focused on the planning, design, development, and implementation of software-based systems that integrate sensors, video surveillance, computers, and advanced communications equipment to enable public agencies to monitor, control, and direct traffic flow; assisting the dispatch of crews; and distribution of real-time information about traffic conditions. This segment involves in the development of transportation management and traveler information systems for the ITS industry. It market and sells transportation systems services to government agencies. Iteris, Inc. was founded in 1969 and is headquartered in Santa Ana, California.

Cost Plus Inc (NASDAQ:CPWM) - Cost Plus, Inc., together with its subsidiaries, operates as a specialty retailer of casual home furnishings and entertaining products in the United States. It offers decorating items, including furniture, rugs, pillows, bath linens, lamps, window coverings, frames, and baskets; and furniture products comprising ready-to-assemble living and dining room pieces, handcrafted case goods, occasional pieces, and outdoor furniture made from various materials, such as rattan, hardwood, and wrought iron. The company also provides tabletop and kitchen items, including glassware, ceramics, textiles, and cooking utensils; gift and decorative accessories, including collectibles, candles, framed art, and holiday and other seasonal items; and jewelry, fashion accessories, and personal care items. In addition, Cost Plus offers gourmet foods and beverages comprising wine, microbrewed and imported beer, coffee, tea, and bottled water. As of January 30, 2010, it operated 268 stores under the name of World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores in 30 states. The company was founded in 1946 and is headquartered in Oakland, California.

DRIL-QUIP INC (NYSE:DRQ) - Dril-Quip, Inc. designs, manufactures, fabricates, inspects, assembles, tests, and markets engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. Its principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, and wellhead connectors and diverters. The companys products are used to explore for oil and gas on offshore drilling rigs, such as floating rigs and jack-ups. Its products are also used for drilling and production of oil and gas wells on offshore platforms; TLPs, which are floating production platforms connected to the ocean floor via vertical mooring tethers; Spars, a floating cylindrical structure; and floating production, storage, and offloading monohull moored vessels. In addition, the company provides services, including technical advisory services, rework and reconditioning services, and rental of running tools for use in the installation and retrieval of its products. It serves integrated, independent, and foreign national oil and gas companies, as well as offshore drilling contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is based in Houston, Texas.

Synnex Corp (NYSE:SNX) - SYNNEX Corporation, a business process services company, provides services in distribution, contract assembly, and global business services. The company operates in two segments, Distribution Services and Global Business Services (GBS). The Distribution Services segment distributes information technology systems, peripherals, system components, software, networking equipment, and complementary products to various customers, such as value-added resellers, system integrators, and retailers, as well as provides assembly services to original equipment manufacturers (OEMs), including integrated supply chain management, build-to-order and configure-to-order system configurations, materials management, and logistics. The GBS segment offers various services comprising customer management, software development, and back office processing. This segment delivers its services through voice, chat, Web, email, and digital print. It also sells products complementary to these service offerings in China. In addition, SYNNEX Corporation offers various financial services, including net terms, third party leasing, floor plan financing, letters of credit, and arrangements to collect payments directly from the end-user; online services; and marketing services, as well as technical support services consisting of pre and post-sales support. The company serves resellers, retailers, and OEMs located worldwide. SYNNEX Corporation, formerly known as SYNNEX Information Technologies, Inc., was founded in 1980 is headquartered in Fremont, California.

DAWSON GEOPHYSICAL CO (NASDAQ:DWSN) - Dawson Geophysical Company provides onshore seismic data acquisition services in the United States. The company acquires and processes 2-D, 3-D, and multi-component seismic data for various clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. The 2-D method involves the collection of seismic data in a linear fashion to generate a single plane of subsurface seismic data. The 3-D method produces a volume of seismic data, which produces more precise images of the earths subsurface. As of December 31, 2009, it operated 11 3-D seismic data acquisition crews in the lower 48 states of the United States and a seismic data processing center. The company was founded in 1952 and is headquartered in Midland, Texas with additional offices in Houston, Denver, Oklahoma City, and Michigan.

RELIANCE STEEL & ALUMINUM (NYSE:RS) - Reliance Steel & Aluminum Co. operates metals service centers. It provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products to fabricators, manufacturers, and other end users. The companys metals processing services include bar turning, bending, blanking, deburring, electropolishing, fabricating, forming, grinding, leveling, machining, oscillate slitting, pipe threading, and polishing. It also offers precision plate sawing, punching, routing, sawing, shape cutting, shearing, skin milling, slitting, tee splitting, twin milling, welding, wheelabrating, shotblasting, and bead-blasting services. The companys customers include manufacturers and end-users in the general manufacturing; non-residential construction; rail, truck trailer, and shipbuilding; aerospace; energy; electronics; and semiconductor fabrication and related industries. As of December 31, 2009, it maintained approximately 200 locations in 38 states, as well as in Belgium, Canada, China, Mexico, Singapore, South Korea, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

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