FONR

[usedcasting]

I have been looking at FONR for a few months, it has hit firm resistance at 1.20.
Next quarter seems promising. Looking for opinions.

Good luck to all

[nikao]

hmm.. i see a descending triangle now forming at the end of the symmetrical triangle in wich it is in for quite some time.. this gives me a bearish bias for the symmetrical triangle break out.. wouldn't gamble this one (after a quick TA peek that is )

[snowcat]

Great move today!  I do not see why the stock does not sell for more.  I have seen problems with companies that sell expensive equipment (not airplanes).  Sales are not reliable and equipment gets outdated quickly.

good luck with this one. It looks good.

[usedcasting]

1)They won a big patent suit in 1997 from GE Regarding the upright mri unit therefore low competition with upright.
2) Old and out dated equipment is their big ticket. Sales and SERVICE up 81%.
3) Europe (Germany) coming online.

Good Trading All!

uc

[gmarc66]

Practicing my charts....looks like a nice candle

[psmrima]

I think it has broken the long term bearish line and will start moving up after touching the line from the top. Looks like somewhere around 1.10 will be the new bottom before it moves up.

[setravis]

There is a time to buy and a time to sell .
Buying when the trough drops is not easy,but that said, if you understand the improvement in the fundamentals for this company then you would understand why institutions keep buying. Great News announcements today. 2 of them, quite unusual for FONR.
Possible Double Bottom (Reversal) Pattern in the making.

News Link:   http://finance.yahoo.com/q/h?s=FONR

Support @ $1.05...1.03...1.00
Resistance @ $1.08...1.10...1.15
Recent CandleStick Analysis
Bullish
Nov-07-2005 Bullish Engulfing 

Technicals
Close Above the 50-day EMA

Last Price Quote is:
5.30%above 13-day EMA
2.12%above 50-day EMA
RS Rating: 23 

Fundamentals
Key Data:
Market Cap (M): $120.36 
P/E Ratio: 102.79 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A


Double Bottom (Reversal)

The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.
Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.
It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.

[usedcasting]

There is a time to buy and a time to sell .
Buying when the trough drops is not easy,but that said, if you understand the improvement in the fundamentals for this company then you would understand why institutions keep buying. Great News announcements today. 2 of them, quite unusual for FONR.
Possible Double Bottom (Reversal) Pattern in the making.

Thanks for taking a look SET. (App)

There was a lot of noise this quarter about a depleting backlog of orders and definitely a lack of news from the company. Interesting that things go quiet while institutions are buying. Anyway, Q1 earnings out today. Shall today be a good day.

uc.

[setravis]

Wow, Don't that just jerk the rug from under you !   

[usedcasting]

Big move, big volume! 

uc

Department of Defense Awards FONAR Contract For FONAR Upright(TM) MRI Systems
http://biz.yahoo.com/bw/060621/20060621005251.html?.v=1