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Chart of the Day for WEDNESDAY 12-01-04
E-Mail MarketReport@MindOverMarket.com for the FREE Letter, Market Masters
short-term sentiments, setup numbers for the Mondays COD & Seminar Dates
OVTI:
Tuesday, the stock closed for the day at ($17.84) plus (+.43c). the stock traded
up after the Co reported Q2 EPS of $0.28 vs. First Call $0.24. The Co also said
revenue for the quarter came in at $84.4M vs. First Call $85.52M. The company
sees Q3 EPS of $0.24-$0.29 vs. First Call $0.26. Revenue for the quarter is
seen at $90M-$100M vs. First Call $92.9M.
After-hours activity;
MOM research Admins took notice of major activity in the stock, where the stock
popped to the up-side and multiple muscle players started buying-up the stock
right on volume. The stock then started to trended up where first call players
got the news before it hit the First Call news wire and others forcing the stock
moved to the upside. The stock then popped to $19.90 right after the news post.
The stock then drifted slightly back to finished the post market session at
$19.80.
Let take a technical look at the numbers for today's trading.
Above $20.01 with conformation @ $20.10 the stock can make an upside move to
$20.36, $20.59, then $20.75, providing the futures are moving to the upside from
the pre-market open at 8:00 am ET into the 9:30 market open. If so other upside
numbers are $20.88 with conformation at $21.08 the stock can run to $$$$ then
$$$$.
Look for a short trigger at $19.75 with conformation at $19.65 the stock can
slide to see $19.50, $19.21, $18.98 then $$$$ and $$$$
(For more LIVE blow by blow commentary and numbers on this stock and others,
with Admins coaching you through trades click and join the -> (
platinum forum )~{support what you believe in at MOM}.
Look for upgrades this morning pre-market and into the open.
Keep in mind, its a BIG Eco day, for Wednesday, November 24, 2004,
At 8:30
EST,
Jobless Claims.
At 8:30 EST,
Durable Goods Orders.
This
is a market moving event. At 9:45 EST,
Consumer Sentiment.
Globex futures have been trending to the
upside
across the board from 1:00 am ET.
OVTI:
(http://www.ovt.com)
OmniVision Technologies, Inc. designs, develops and markets integrated
semiconductor image sensor devices. The Company's main product, an image sensing
device called the CameraChip, is used to capture an image in a variety of
consumer and commercial mass market applications, including digital still
cameras, cell phones, security and surveillance cameras and video game consoles.
CameraChips are manufactured using the complementary metal-oxide semiconductor (CMOS)
fabrication process, a method of producing integrated circuits. The CameraChip
integrates a number of distinct functions, including image capture, image
processing, color processing, signal conversion and output of a fully processed
image or video stream. OmniVision also provides companion chips used to connect
its CameraChips to various interfaces, including the universal serial bus. In
addition, the Company provides companion chips that perform compression in
standardized still photo and digital video formats.
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