CSTR - Coinstar $17.06 *** Rally Mode! ***
Coinstar Inc. (NASDAQ:CSTR) and its subsidiaries, Meals.com and Coinstar
International, use technology to deliver time and money saving services
to consumers in their local supermarkets. The company's 8,500 strong
network of machines is currently available to 130 million consumers in 45
states and the District of Columbia, as well as in Canada and the United
Kingdom. Meals.com Inc. connects consumers, grocery stores and manufacturers
through online and in-store technologies that provide shoppers with relevant
information and special offers based on their personal preferences.
Coinstar recently announced it has served its 100 millionth customer,
proving the more and more Americans are using Coinstar. This week, the
stock made a bullish move; rallying up and out of an ascending triangle.
The activity suggests the issue has further upside potential, but we
prefer a conservative entry point with a cost basis below technical
support.
MAR 15.00 QLR-CC LB=2.75 OI=9 CB=14.31 DE=42 MR=3.5%
ELON - Echelon $24.44 *** Bottom Fishing! ***
Echelon Corp. (NASDAQ:ELON) is the world leader in networking everyday
devices. The company offers a comprehensive line of hardware and software
products for automating building, home, industrial, transportation, and
utility applications using LONWORKS networks, an international,
cross-industry, open standard for interoperable device networks.
In January, ELON reported earnings, meeting current estimates with revenues
of $49.3 million; an increase of 24% over last year. Net profit for the
quarter ended December 31 was $1.1 million, or $0.03 per share, compared
to a loss of $0.03 last year. Investors appear pleased as the stock continues
to rally on increasing volume. Banc of America's has initiated coverage with
a "buy" rating and Prudential has re-iterated their "strong buy" rating. This
short-term play takes advantage of the current bullish momentum as Echelon
begins to forge a Stage I base.
FEB 20.00 EUL BD LB=5.00 OI=523 CB=19.44 DE=14 MR=6.3%
