The consolidation phase since the middle of last year means there are a lot of antsy traders, and this chart could take off at the first sign of bullishness.
San Diego, CA (PRWEB) April 27, 2011
Medical device manufacturer Conceptus Inc. has been added to the official Rhino Report portfolio, while wireless service provider NTELOS Holdings and investment broker GFI Group have been deemed as two of the next likely recommendations for the newsletter's subscribers.
James Brumley, chief analyst of the Rhino Report, said of Conceptus "The consolidation phase since the middle of last year means there are a lot of antsy traders, and this chart could take off at the first sign of bullishness....We mentioned early on that we'd like to see CPTS clear the technical resistance around $15.20 before jumping in. But, after seeing how well it's held onto its recent jump, I feel it's worth the risk of getting in before such a move unfolds."
NTELOS shares are finding support at all their key moving averages, and boast a forward-looking P/E of 11.9. Brumley feels there's still plenty of room for this wireless name to keep advancing.
Off-the-radar brokerage firm GFI Group has a market cap of only $610 million, but its projected P/E of 11.4 is a value regardless of the company's size. On a technical basis, there's a clear floor at $4.50. But, Brumley want to see a stronger breakout effort first (following a prolonged consolidation phase) before recommending subscribers purchase the stock.
The newsletter has also taken profits on one of its prior candidates by selling TradeStation last Thursday for a quick 35% profit after Monex announced it would be acquiring the online trading firm at $9.75 per share. Brumley had only recommended the stock two days earlier, on Tuesday, April 19th. The service's chief analyst recognized early bullish signals that suggested such an event - even if supposed to be confidential - was materializing.
All actual trade recommendations issued by the Rhino Report like the TradeStation and Conceptus trades are followed all the way from an explicit entry to an explicit exit point, delivered via e-mail. All potential trades like GFI Group and NTELOS are monitored until they are issued as trades, or are removed from the watchlist of possible investment recommendations. The service currently has eight positions in the portfolio, and seven on the list of trade candidates.
To learn more about these outlooks and other stock in the current portfolio, go to the Rhino Report web site located at: http://www.rhinoreport.com for more information.
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Source: The Rhino Report
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