Market Talk with Piranha is currently moving to its new home at chrisperruna.com. The new site is up and running but many of the posts need editing as the images and stock charts did not transfer successfully (thanks blogger). I will post all new entries to both blogs – Thank you for your patience while I make this change!

Wednesday, April 26, 2006

LifeCell Hits a New High

LifeCell (LIFC) raised its outlook for 2006 and earned $4.1 million, or 12 cents per share, up 91% from $2.1 million, or 7 cents per share, during the same period a year ago. Sales also jumped 54% to $30.7 million from the same period last year. Analysts (or talking heads) expected earnings of 9 cents per share with sales of $29.5 million.

I have been covering LIFC on the MSW index since February 4, 2006 at $22.13 with a breakout point of $24. As you can read below, we have been watching the flat base setup above the 200-d moving average over the past two months. Patience paid off once again as the stock broke-out today; up over 16% on volume six times the 50-day average.

Another text book breakout during the current earnings season! The MSW Index is on fire in 2006. The general market analysis will be provided tonight since I was excited over the breakout of LIFC.

The history of my coverage on the MSW Index is located below:

4/22/06
LIFC - 23.17
, A 4.75% gain this week as the stock moved up on higher volume than the previous week but stayed below average. The ideal entry and buy signal is still a strong move above $24. Rating: Hold

4/15/06
LIFC - 22.12
, Now a 14 week sideways flat base with the breakout on a move above $24 and a breakdown on a move below $20 (and the 200-d m.a. Rating: Hold

4/8/06
LIFC - 21.79
, I consider this a 13 week sideways flat base with the breakout on a move above $24 and a breakdown on a move below $20 (and the 200-d m.a. Rating: Hold

4/1/06
LIFC - 22.55
, I said it was a trend buy last week as it produced a return of 6.27% if you bought while it walked along the 200-d m.a. Still in buy territory with the next important move above $24.05. Rating: Hold - buy

3/25/06
LIFC - 21.22
, Walking along the 200-d m.a. (this is a stock that can be bought now as a trend-buy using the moving average). Rating: Can enter now at moving average (also building irregular base). Be careful with the medical stocks I have been screening lately!!!

3/18/06
LIFC - 21.45
, Walking along the 200-d m.a. (this is a stock that can be bought now as a trend-buy using the moving average). Rating: Can enter now at moving average (also building irregular base).

3/11/06
LIFC - 21.30
, Down 4% for the week with a 4% recovery on Friday on volume near average. Support was received above the 200-d m.a. this week with a close on Friday slightly above the 50-d m.a. Rating: Building a base

3/5/06
LIFC - 22.32
, A nice 5.28% gain this week on volume that was above average but below last week’s tally. A double top breakout buy occurs with a move above $24. Rating: Building a base

2/25/06
LIFC - 21.20
, Down slightly this week but still trading above the 50-d m.a. with the recent up-trend intact. Rating: Building a base

2/18/06
LIFC - 21.29
, A 3.10% move higher with the pattern still V-shaped base and a suggested buy above $24 on the P&F chart. Rating: Building a base

2/11/06
LIFC - 20.65
, The stock never gave a buy signal and is in a V-shaped base with a suggested buy above $24 on the P&F chart. Rating: Building a base with a target of $40 in 2006

2/4/06
LIFC - 22.13
, The stock makes the MSW Index as it gained 7.95% on the largest daily volume in months. Its chart pattern can be considered a cup shape but the P&F suggest a buy above $24. Rating: Building a base with a target of $40 in 2006

2 Comments:

At 4:30 AM, Anonymous RevitaDerm said...

If a wrinkle cream claims it can make your wrinkles vanish in 60 seconds, would you believe it? No doubt you'd want to, but is such a thing really possible? The makers of LifeCell skin cream say it is.
Revitaderm Cream

 
At 7:18 AM, Anonymous Relift XS said...

The MSW Index is on fire in 2006. The general market analysis will be provided tonight since I was excited over the breakout of LIFC.

 

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