Unless you’ve been living under a rock, I’m sure you’re aware that we’re in some type of correction. I came cross a helicopter magazine this weekend and wrote a piece but need to do further research. The main company I was discussing, thinking of is privately held. Lame and the quest continues as I do see helicopters as a great solution to personal air travel in the future.
The market is “correcting”, receding, pulling back etc… As a result I’m curious what stocks are still doing well despite, with a technical score above 4/5.
I-Flow Corp (IFLO) – Tech: 4.59 – Hyb – 4.36
The company is improving surgical outcomes by designing, developing and marketing technically advanced, low cost drug delivery systems and innovative surgical products for post-surgical pain relief and surgical site care.
Note: This is the #1 stock in The PPT at the time of this writing.
Companhia de Bebidas das Americas (ABV) – Tech: 4.44 – Hyb: 4.25
The Company produces, distributes and sells beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in 14 countries across the Americas.
Xyratex Ltd (XRTX) – Tech: 4.24 – Hyb: 4.23
The Company is a provider of modular enterprise-class data storage solutions and storage process technology.
**Note: This thing is a beast and The PPT has nailed it from the beginning. I got in in the mid 3’s and sold not too far from it a long time ago. Everytime I see it i think it’s due for a pullback but keeps going higher. This is a perfect example of why you don’t sell strength when you’ve got a cushion.
Hopefully the market doesn’t continue the “longs” castration party that’s been going on of late. Flip side is I’m not overly invested so with each declining day it’s bitter sweet so to speak. On my buy list as always is Suncor. Anywhere ~$33 or under is when I’ll start buying again, hopefully not sooner.
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