Re: [CANSLIM] UOPX

From: dlawson <dlawson92@comcast.net>
Subject: Re: [CANSLIM] UOPX
Date: Sun, 15 Jun 2003 11:29:44 -0400

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Hi,
I don't respond very often, simply for lack of time.However as far as the
chart for UOPX is concerned you could argue that's it's base is a double
bottom on the daily chart within the last 6 months. The first bottom being
on 4/16 at 40.40, the second on 5/27. Granted the second bottom is supposed
to undercut the first and the mid "W" was also exceded both minimally, it's
not an exact science. The breakout would be at 47.27.
Just my opinion
Dave

- ----- Original Message ----- 
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, June 14, 2003 8:48 PM
Subject: RE: [CANSLIM] UOPX


> Hi Chris,
>
> I don't see the action since the previous breakout in March as a base. A
> flat base would have to drift sideways off the left high of the correction
> (action since March is rising slowly along the top of the range). A cup
with
> handle or saucer base would have to decline from the left side of the base
> and work it's way back up. That effectively means that the stock is still
in
> its rise since the breakout and offers no ideal or low-risk entry point.
See
> the action over the last 2 years at:
>
> http://www.cwhcharts.com/katherine/UOPX061303.JPG
>
> As a point of clarification, our CE score is comprised of the sum of two
> components, fundamental (CEF) and technical (CET). UOPX scores 15.72 of a
> total possible 18 points, but has a fundamental (CEF) score of 9.56 (of
11)
> and a technical (CET) score of 6.16 (of 7). Still nothing to sneeze at,
but
> somewhat different than assuming all the points you quoted were "fundies"
in
> and of themselves. The CE evaluation is available at:
> http://www.cwhcharts.com/canslim
>
> Those scores place it 3rd in overall CE score within the industry, 5th
> technically and 4th fundamentally. The industry currently ranks 36th of
192
> industries. While the underlying technicals of the industry components
have
> been rising fairly steadily, the industry has fallen back in rank a bit in
> the last few weeks, as the action is relatively subdued compared to the
> action in other industries.
>
> See an industry chart demonstrating the underlying technical action in the
> industry vs the market, along with the industry's rank over the last year
> at: http://www.cwhcharts.com/katherine/BusServSchools061303.JPG
>
>
> Katherine
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of
> swingkid104@attbi.com
> Sent: Friday, June 13, 2003 11:44 AM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] UOPX
>
>
> Hey -
>
> Just wondering what ya'll thought of UOPX.  It's breaking out today
(despite
> the rest of the ugly market), on heavy volume.  I'm not sure what kind of
> base
> this is.  I'm not sure if it's a flat base, or a double bottom, though
it'd
> probably be a stretch to classify it as either.  Whatever it is, it's been
> bouncing around within a fairly tight trading range for the past 13 weeks,
> and
> is just now breaking above it.  I could also see this as a base on base
> formation.  I see a cup with a short handle from 1/7 to it's breakout on
> 3/19,
> it advanced a little bit, and got stuck in another rut - of which it is
just
> now breaking out of.
>
> The fundies look pretty good.  It got a 15.23 / 18 on the canslim
evaluator,
> and it's industry is ranked 3 / 197 by IBD.
>
> Thoughts are always appreciated!
>
> Chris
>
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>
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Previous Article (by Author): [CANSLIM] How do you CANSLIM? "Treb Courie"
Top of Thread: RE: [CANSLIM] UOPX "Mark Kerson"
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