تقرير 27 ديسمبر
Stocks to watch:
هذا السهم ذكر سابقا
STG - we last mentioned Stonepath Group (STG) as a spec play back in our December 15th report after the stock closed the previous session at $0.75. Since then, the stock had moved up gradually until last Thursday's session, when it took off - gaining over 21% on the session to close at $1.19 after hitting an intraday high of $1.30 on heavy trading volume. Still, even with Thursday's move, our near term technicals seem to suggest that move may have been an upside break out on the near term price chart and chances are there's quite a bit more upside left in the stock. There does appear to be some limited price chart resistance coming in around the $1.50 area (looking at a 16 month chart you can see it at the August to September '04 area), but if the upside momentum is strong enough we think this stock could be on its way back to at least the $1.75 to $2.00 area. That said, this one's not for the faint of heart, but we think the worst may be over the stock...
Stonepath Group, Inc. is a non-asset based third-party logistics services company providing supply chain solutions on a global basis. The Company offers a range of time-definite transportation and distribution solutions through its Domestic Services platform that manages and arranges the movement of raw materials, supplies, components and finished goods for customers. These services are offered through Stonepath's domestic air and ground freight forwarding business. The Company also offers a range of international logistics services, including international air and ocean transportation, as well as customs house brokerage services through its International Services platform. In addition to these core services, Stonepath provides a range of value added supply chain management services, including warehousing, order fulfillment and inventory management solutions.
As we stated earlier, the near term technicals for Stonepath look promising at this point with money flow trending noticeably higher for the first time since late January of this year. Thursday's close at $1.19 also put the stock's current price well above the high end of our set Bollinger Band parameters, suggesting further upside movement over the next few sessions is a probability. Furthermore, the near term relative strenght indicators, which have been trending higher from just above the oversold area for the past few sessions, have just hit mid range with plenty of upside potential left in them before reaching overbought status. Finally, the shorter term stochastics, which have been rising steadily throughout most of this month, still have a bit to go before threatening an overbought situation. We think this one's worth a watch, folks. So we're raising our initial target ranges on it and making it our first spec play of the day (below) this morning.
Spec Plays:
STG - Buy Range - $1.00 to $1.25 (risk to a break below the $0.80 area). Sell Range - $1.75 to $2.00. Previous close - $1.19.
وهذا ايضا
SCON - Buy Range - $1.50 to $1.75 (risk to a break below the $1.20 area). Sell Range - $2.50 to $3.00. Previous close - $1.56.
WSCI - Buy Range - $2.50 to $2.75 (risk to a break below the $2.20 area). Sell Range - $3.75 to $4.25. Previous close - $2.55.
ARTG - Buy Range - $1.00 to $1.25 (risk to a break below the $0.85 area). Sell Range - $1.75 to $2.00. Previous close - $1.08.
تاكدوا من الشرعية
الله يسلمكم
بالتوفيق
والله يوفق الجميع
Stocks to watch:
هذا السهم ذكر سابقا
STG - we last mentioned Stonepath Group (STG) as a spec play back in our December 15th report after the stock closed the previous session at $0.75. Since then, the stock had moved up gradually until last Thursday's session, when it took off - gaining over 21% on the session to close at $1.19 after hitting an intraday high of $1.30 on heavy trading volume. Still, even with Thursday's move, our near term technicals seem to suggest that move may have been an upside break out on the near term price chart and chances are there's quite a bit more upside left in the stock. There does appear to be some limited price chart resistance coming in around the $1.50 area (looking at a 16 month chart you can see it at the August to September '04 area), but if the upside momentum is strong enough we think this stock could be on its way back to at least the $1.75 to $2.00 area. That said, this one's not for the faint of heart, but we think the worst may be over the stock...
Stonepath Group, Inc. is a non-asset based third-party logistics services company providing supply chain solutions on a global basis. The Company offers a range of time-definite transportation and distribution solutions through its Domestic Services platform that manages and arranges the movement of raw materials, supplies, components and finished goods for customers. These services are offered through Stonepath's domestic air and ground freight forwarding business. The Company also offers a range of international logistics services, including international air and ocean transportation, as well as customs house brokerage services through its International Services platform. In addition to these core services, Stonepath provides a range of value added supply chain management services, including warehousing, order fulfillment and inventory management solutions.
As we stated earlier, the near term technicals for Stonepath look promising at this point with money flow trending noticeably higher for the first time since late January of this year. Thursday's close at $1.19 also put the stock's current price well above the high end of our set Bollinger Band parameters, suggesting further upside movement over the next few sessions is a probability. Furthermore, the near term relative strenght indicators, which have been trending higher from just above the oversold area for the past few sessions, have just hit mid range with plenty of upside potential left in them before reaching overbought status. Finally, the shorter term stochastics, which have been rising steadily throughout most of this month, still have a bit to go before threatening an overbought situation. We think this one's worth a watch, folks. So we're raising our initial target ranges on it and making it our first spec play of the day (below) this morning.
Spec Plays:
STG - Buy Range - $1.00 to $1.25 (risk to a break below the $0.80 area). Sell Range - $1.75 to $2.00. Previous close - $1.19.
وهذا ايضا
SCON - Buy Range - $1.50 to $1.75 (risk to a break below the $1.20 area). Sell Range - $2.50 to $3.00. Previous close - $1.56.
WSCI - Buy Range - $2.50 to $2.75 (risk to a break below the $2.20 area). Sell Range - $3.75 to $4.25. Previous close - $2.55.
ARTG - Buy Range - $1.00 to $1.25 (risk to a break below the $0.85 area). Sell Range - $1.75 to $2.00. Previous close - $1.08.
تاكدوا من الشرعية
الله يسلمكم
بالتوفيق
والله يوفق الجميع