Oct

23

2007

Satyam (SAY) & Millicom (MICC) Break Out of Cup With Handle Bases

SelfInvestors.com Leading Stocks moving on earnings today.

UP

• Millicom (MICC) Telecom Services – Foreign, fundamental rank [24/30],  up 21%, broke out from cup with handle base today to new all time high

• Satyam Computer (SAY) Information Technology Service, fundamental rank [27/30],  up 11%, broke out of cup with handle base to new all time high

• ICON (ICLR) Research Services, fundamental rank [25/30],  up 8%, continuing to trend higher following its breakout back in September

• Apple Computer (AAPL) Personal Computers, fundamental rank [28/30],  up 7%, expect big resistance around 200

DOWN

• Kinetic Concepts (KCI) Medical Appliances & Equip, fundamental rank [26/30],  down 8%, big reversal from this morning’s gap up indicates further deterioration to at least the 200 day moving average highly likely

• Anixter Intl (AXE), Electronics Wholesale, fundamental rank [26/30],  down 6%, cup with handle base is failing with the stock taking out support of the 50 day moving average.