Re: [CANSLIM] bvas

From: "stock oper8or" <stockoper8or@hotmail.com>
Subject: Re: [CANSLIM] bvas
Date: Tue, 22 Jan 2002 00:45:04 +0000

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I have seen this stock also showing up on cwhCharts.com.  It looks 
interesting to me, but here are my two cents:

The only (minor) negatives I see in this chart are that the price-volume 
action has not been extremely positive since forming the pivot point.  In 
other words, the ratio of rising days with above average volume to down days 
with above average volume since the right side of the cup began forming has 
not been very high. The down volume in the first few days of the handle 
(12/4-12/6) was pretty heavy.  Since then the volume has indeed dried up, 
but the upward wedging action of the handle between 12/7 and 1/8 was not 
very constructive. Nevertheless the selloff to the lowest low in the handle 
on 1/14, making the handle now "downward wedging", on light volume, and the 
ensuing strong rising volume the past 3 days has been constructive.  Also 
the fact that this stock has formed a long handle is positive.  All in all I 
would say this chart is generally worthy.

(Note that Investors.com gives it a technical rating of 73 which is 
consistent with a decent but not perfect chart.  Also note that 
Investors.com calculates the up/down volume ratio of 1.1 consistent with the 
fact that price-volume action in the past 50 days has been only slightly 
positive.  While this stock might work, based strictly on its own merits I 
would say look for stronger candidates.  However since it is in a strong 
group, ranked 28 out of 193 groups, the rising tide of the group may lift 
this boat as well.)

The pivot point as defined by drawing a trend line from the peak at the left 
side of the cup through the peak at the right side was pierced today and the 
stock closed at its high on the day on nearly 2X average daily volume.  I 
believe this qualifies as a breakout.


>From: "Scott Gettis" <sgettis@ucla.edu>
>Reply-To: canslim@lists.xmission.com
>To: <canslim@lists.xmission.com>
>Subject: [CANSLIM] bvas
>Date: Sun, 20 Jan 2002 16:21:39 -0800
>
>As I was doing my weekly screen, one stock that appears interesting is 
>bvas.
>Seems to be emerging from a cup and handle formation.  Volume has pick up
>last couple of days.  Although it only has an eps of 70, it seems to have
>excellent fundamental, and rising RS.  RS line has actually increased
>throughout handle.  I am attaching the chart I made.
><< bvas.jpg >>


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