I jumped in this an hour ago to stem some other losses @ 5.30, and it's on a run, presently 6.55.
Today it broke a long term trend line
(http://xs45.xs.to/pics/05363/0709idsa.jpg)
IDSA up today (80.94%) on high volume >:D >:D >:D
Industrial Services of America Inc., which manages solid waste, said Monday its first-quarter profit more than doubled on solid market conditions and a strong recycling segment.
First-quarter earnings soared to $416,526, or 12 cents per share, from $149,088, or 4 cents per share, during the year-ago period.
Quarterly revenue plunged 51.2 percent to $14.5 million from $29.7 million during the same period last year on a reduction in management fee revenue due to a previously announced loss of a customer.
IDSA on fire again >:D >:D >:D
Bought it at the open, up 26% as I write. :)
20EMA is showing a good support on the 5min chart. The volume is great as well .
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=20150)
Update :
IDSA went to as high as $11.25 on heavy volume then profit taking took place :(
As I said before 20EMA was a good support and didn't have a choice but locking my profit when price closed bellow it - about 24% since my entry this morning.
Not bad in one day :)
Update after the closing bell :
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=20149)
I'm still bullish on IDSA although I sold my position as I believe the price will retrace lower and may consolidate after a run over 100% in 2 sessions.
Will keep it in my watch list.
Good luck to anyone still holding
:)
up
Past news from last week....... 8)
bizjournals.com
Industrial Services' profit nearly doubles
Wednesday April 25, 11:41 am ET
Industrial Services of America Inc.'s first-quarter net income rose to $793,080, or 22 cents per share, from $416,526, or 12 cents per share, a year ago.
Revenue rose to $17.9 million from $14.5 million.
Louisville-based Industrial Services of America (NASDAQ: IDSA - News) is a scrap-metal recycler, recycling-equipment seller and waste-management broker.
Published April 25, 2007 by Business First
Miris ,Thanks for running an update to this thread! Applaud the alert... ;)
Looks very nice here, made a nice move.
To bad this stock was never followed after this thread was created. ???
The good thing here...
Even after this strong rise, IDSA is still very fairly valued.
When IDSA has run in the past, it's been on mo-mo and not necessarily fundamentals.
IDSA should stay around $12.00 or higher due to great earnings growth.
IDSA has gone ballistic before.
Just may see a good rise yet out of this low floater!
Earnings growth ,
Reported preliminary results for Q1 of $0.22 vs $0.12 in same quarter last year.
Could make close to $0.90 this year.
I will be watching very close for a dip, planning to buy.
Recent CandleStick Analysis:
Very Bullish
Apr-27-2007 Bullish Engulfing
Shares Outstanding: 9.10M
Float: 6.73M
% Held by Insiders4: 17.68%
% Held by Institutions4: 11.10%
52wk Range: 4.88 - 15.33
Volume: 1,793,883
Avg Vol (3m): 127,792
Technicals
Record Price High
Percentage Gainer
Last Price Quote is:
38.74%above 13-day MA
82.43%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $51.56
P/E Ratio: 23.39
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
IDSA was a 10-bagger in 2004. The company ran on short-squeeze last time. This run will be based on earnings. Let's see if it can break its 2004 high.
Ram
"IDSA" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;)
AP
Industrial Services 1Q Profit Rises
Monday May 7, 11:59 am ET
Industrial Services 1Q Profit Rises on Strong Revenue
LOUISVILLE, Ky. (AP) -- Industrial Services of America Inc., a provider of waste and recycling management services, on Monday said its first-quarter profit surged more than 90 percent on strong revenue.
The company reported net income of $793,080, or 22 cents per share, compared with $416,526, or 12 cents per share, last year.
Sales grew to $17.9 million from $14.5 million in the first quarter of 2006 driven by strength in its recycling business.
Shares of Industrial Services of America added 14 cents to $14.75 in midday trading.
Earnings growth........
Reported preliminary results for Q1 of $0.22 vs $0.12 in same quarter last year.
Recent CandleStick Analysis
Very Bullish
May-10-2007 Bullish Engulfing
52wk Range: 4.88 - 16.29
Volume: 1,024,522
Avg Vol (3m): 200,454
Technicals
Record Price High
Percentage Gainer
MACD is Bullish
Last Price Quote is:
20.64%above 13-day MA
63.60%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $53.19
P/E Ratio: 24.14
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Well, IDSA could get more notice now since breaking above 15. Made it's debut on IBD's 100 list this weekend. However, if it falls back below, it will also be removed from the list.
Flag, Pennant (Continuation) Pattern.......
Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.
Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.
Even though flags and pennants are common formations, identification guidelines should not be taken lightly. It is important that flags and pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry added risk. Look for volume confirmation on the initial move, consolidation and resumption to augment the robustness of pattern identification.
52wk Range: 4.88 - 17.22
Volume: 390,397
Avg Vol (3m): 254,277
Technicals
Last Price Quote is:
8.07%above 13-day MA
39.22%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $56.62
P/E Ratio: 22.00
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
update
update