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Charts of the Week - June 2004 Issue
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Swing Ideas     Charts of the Week     Education & Analysis



DNA (short)
Larry Swing - Jun 29, 2004 - DNA has consolidated within two bearish patterns: A bear flag, and a head and shoulders top. Trading volume has followed the bear flag in a negative fashion - rising as the stock falls, and then trailing off as it consolidates. Volume for the H&S pattern is also negative, with some slight volume increases during declines. More importantly, however, volume was high during declines to the neckline. This confirms the technical importance of this pivot level. If the stock concludes both patterns negatively, we will become extremely bearish on the stock. However, we will become bearish with only a break of the bear flag... Read More

AIG (long)
Larry Swing - Jun 28, 2004 - AIG trades at very reasonable multiples; the forward P/E ratio is 13.9, and the forward P/EG ratio is .925. Considering the company's great business stability, these multiples are low. It is the technical picture, however, not the fundamentals, that truly make AIG an attractive buy candidate... Read More


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CPRT (long)
Larry Swing - Jun 24, 2004

CPRT broke out from a major resistance level on 05/27/2004. Since then, the stock has consolidated within the flag portion of a bull flag pattern. Three times, it has broken out from the upper resistance trend line of the pattern. The most recent breakout (06/23/2004) also moved above a horizontal resistance line. Read More

JPM (short)
Larry Swing - Jun 22, 2004

Last week, we wrote about the bearish investment services group. This week, it's worse. The worst of the group is JPM... Read More

AMZN (long)
Larry Swing - Jun 21, 2004

Amazon.com, Inc. has developed an excellent competitive position, and trades at low valuations. Additionally, this stock exhibits several favorable technical features... Read More

GS (short)
Larry Swing - Jun 17, 2004

The investment services group looks horrible... Read More

SAFM (long)
Larry Swing - Jun 15, 2004

Sanderson Farms (NASDAQ: SAFM) is taking advantage of a trend towards a more health-conscious America with a clever marketing campaign. The campaign advertises Sanderson Farms chicken as a "natural" alternative. The advertisements highlight the fact that many competitors add salts and phosphates to their chicken, and Sanderson Farms does not. This isn't the same as free range or organic, and doesn't mean the same increased costs to Sanderson Farms of producing a pound of chicken meat. However, many consumers do not know the difference. Read More

CYBE (long)
Larry Swing - Jun 14, 2004

CyberOptics Corporation (CYBE) crushed analyst estimates in Q1 2004, with EPS of .31 versus the consensus .22. Since then, earnings estimates for FY 2004 and FY 2005 have been greatly increased - from .94 to 1.31, and from 1.05 to 1.37, respectively. The company supplies equipment to aid in the manufacturing of semiconductors. Read More

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