Thursday, September 06, 2007

AIRM LOOKS LIKE IT IS BLOSSOMING


I was just playing around this morning and looking at stocks that IBD says look good. One really caught my eye was AIRM. AIRM came down to touch the 50 day moving average (blue line) and has bounced off of it in higher-than-average trading volume. (You can enlarge the chart by clicking on it.) I snapped quite a few shares up today at $43.05 and am going to see if I can get into buying more.
Here is the "fundamental" logic behind buying AIRM. It was highlighted in the IBD timesaver table. SMR = 99, EPS = 93, RSI bounced off 50 and is moving higher, INDUSTRY GRP = A, SALES- PROFIT - ROE = B, A/D = A.
Good luck trading.
JD

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