Aug 27, 2010 10:04 AM PDT
San Diego, CA 2/12/2009
SmallCapNetwork.com, a site specializing in finding small stock trading opportunities, has issued technical trade alerts for Ann Taylor Stores and XOMA Ltd. The trading analysis team's complete rationale for both picks can be accessed here: http://access.smallcapnetwork.com/Technical-Trade-Alerts-Ann-Taylor-Stores-ANN-and-XOMA-Ltd-XOMA/af/archive/20090209-1/.
Ann Taylor shares lost approximately 80% of their value between September and November of last year. While it is true that all retailers struggled during that very tough portion of the recession, investors may have overestimated just how bad things were for Ann Taylor Stores.
The timing of the short-term 'buy' suggestion stems from two months worth of sideways movement for the stock, and the strong possibility of a breakout effort now being made. The upper edge of the sideways range is being firmly tested.
XOMA Ltd. shares also experienced a brutal selloff in the fourth quarter of last year, sinking as much as 70% at its lowest point. Again though, it may have been an undeserved rout.
More important to traders, the downtrend has now turned into an uptrend. XOMA shares crossed back above some key moving average lines, thanks largely to news that Pfizer (NYSE:PFE) was entering Phase III trials with a drug built on one of XOMA's technologies. That strong move not only broke the stock out of a rut, but the news could continue to inspire upward movement as more investors become aware of Pfizer's decision.
The Small Cap Network alert includes detailed rationales for each trade. To review the complete technical description of each stock's chart, traders should go to: http://access.smallcapnetwork.com/Technical-Trade-Alerts-Ann-Taylor-Stores-ANN-and-XOMA-Ltd-XOMA/af/archive/20090209-1/.
Hundreds of thousands of the site's newsletter readers use Small Cap Network's in-depth profile coverage and technical trading alerts to generate exceptional returns. To register for the newsletter and receive timely trading ideas via e-mail, including future updates on ANN and XOMA simply go to: http://access.smallcapnetwork.com and sign-up.
About Small Cap Network
Small Cap Network (access.smallcapnetwork.com) provides investors with timely trading ideas, as well as longer-term stock suggestions. Though large caps tend to receive the majority of media attention, small and micro cap stocks can often offer the most potential for investment gains. The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small and micro cap stocks, bulletin board stocks and actively traded penny stocks.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although Small Cap Network believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from Company projections and expectations are disclosed in the Company filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Compensation Disclosure: TGR Group has not been compensated for coverage of Ann Taylor Stores or XOMA Ltd.
SmallCapNetwork.com is not a registered investment advisers or broker/dealer. SmallCapNetwork.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for many of their securities, investing in such securities is highly speculative and carries a high degree of risk.
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Source: Small Cap Network
