|
|
|
home » small cap highlights
Tony Golan
Chief Technical Analyst
StockProfit.com™
 Zoom
This week I chose to highlight the chart of JMAR Technologies, Inc. (OTCBB: JMAR). JMAR is reversing a long-term down-trend and starting a strong new long-term up-trend. The stock is now making higher highs and higher lows well above a rising 200-day moving average (the red line on the chart above). Relative Strength Differential (RSD), our proprietary indicator for selecting stock in super-strong up-trends, is way above the 25% threshold line, indicating the up-trend in JMAR is much stronger than the S&P and the stock is therefore likely to continue trending higher.
JMAR spent much of the past year in a long-term down-trend, making lower highs and lower lows below a declining 200-day moving average. However, in early March JMAR crossed above the 200-day moving average, then pulled back, made two higher lows at 0.08, and has been trending up sharply ever since. Last Thursday, JMAR hit a new high of 0.28.
With this powerful rally, JMAR is now trading roughly 133% above its 200-day moving average, and went well above the July 2007 high of 0.23. This powerful move in JMAR indicates that there is probably much more coming. Since the stock moved up this much without a correction, it would be wise to wait for a mild, slow pullback before determining when to get into JMAR or even whether to enter JMAR at all. In the meantime, here's a stock that's very strong, so keep an eye on it in case it should turn into a big winner.
Tony Golan
Chief Technical Analyst
Disclaimer: Copyright© 2008 StockProfit™. All rights reserved. StockProfit™ is an independent electronic publication providing information on select public companies. StockProfit™ is not a registered investment advisor or broker-dealer. There is a risk of loss in all of trading. Past performance is no indication nor guarantee of future results. The information contained herein is believed to be accurate.This update is provided as an information service only, and the statements and opinions in this update should not be construed as an offer or solicitation to buy or sell any security. In no event shall StockProfit™ and/or its publisher, P.A. Relations or any of its employees or affiliates, be liable for any direct, incidental, consequential, indirect or punitive damages whatsoever arising out of the use of the Information, or for any errors or omissions in the content thereof, including, but not limited to, from any investment loss, damage or expense incurred by any investor resulting from the Information, or from the purchase or sale of any profiled company or any company which we make commentary. We recommend using good-'till-cancelled stop orders to minimize losses in the event of an adverse price movement. We have not been compensated by company(ies) mentioned above in any way. We do not hold any positions whatsoever in the above mentioned company(ies).
|
|
