LMRA

[ramlau]

The problem with LMRA is that they are not making any money in the short run. The hype is over and it's gonna be dead until later this year when they start selling their products.

It was quite a run in last October/November though.

Ram

[Melf Elf]

LUM broke out of a Falling Wedge (pattern in blue) a week ago, and pulled back to the 50DMA at the end of the week.  Falling Wedges often morph into Bullish Inverse H&S patterns (in purple).   If that's the case, the neckline is 5.90 and 5.75.

MACD went above zero on Thursday, as the stock began to pull back.  It's still above the zero line.

The RSIs have thrusted higher, and are pulling back to Bullish Synchroncity.  The 13/21RSIs need to pull back some more, but the 89/144s are at Bullish Synchronicity right now.  A print of 5.37 in Monday's trading would be a technical buy signal from that indicator.  Stop below Friday's low of 5.12, or below whatever low is made on Monday, prior to the print of 5.37.

I'll post the RSI charts next.

[Melf Elf]

The 13/21RSIs did a nice job of telegraphing a problem during the formation of the Bearish Wolfe Wave last autumn (unfortunately, I just studied this chart this morning!).

At Wave 1, there was a negative divergence.  At Wave 3, a DOUBLE negative divergence.  At the Wave 5 upside fakeout the day before the release of earnings, a TRIPLE negative divergence.

The Wolfe Wave target at #6 MADE when the 13/21RSIs broke down, and the next rally failed at Trendline 2 (T2), with the 13/21 RSIs at Bearish Synchronicity.

In the current time-frame, the 13RSI has had a nice thrust higher above its shadow, the 21RSI.  There isn't always a pullback to Bullish Synchronicity (where the readings are very close), but we can see that this has some room to pull back some more, into synchronicity, then thrust higher again on a breakout above 5.90 - 5.75.

[Melf Elf]

Farther down the Fibonacci sequence, the 89/144 RSIs had a thrust higher on the Falling Wedge breakout in the price chart, and now are at Bullish Synchronicity.  Friday's high of 5.36 becomes the "buy pivot." A print of a penny above that, 5.87, on Monday is the buy signal from this particular indicator.

As with any indicator, we have to decide whether or not we like the chart well enough to take the signal, and then structure a favorable risk:reward accordingly.

[nutsterrt]

I'm in at 5.05 today on news...hopefully not too high.



Lumera Receives Order and Enters Into Agreement with Lockheed Martin
Monday March 12, 8:45 am ET

BOTHELL, Wash.--(BUSINESS WIRE)--Lumera Corporation (NASDAQ:LMRA - News), a leader in the emerging field of nanotechnology, announced today that it had received a purchase order from Lockheed Martin for Lumera's high electro-optic activity materials. The term of the agreement is until December 31, 2007, at which time Lockheed Martin will advise Lumera of its intentions regarding a commercial license for the materials.

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"We are pleased that Lockheed Martin is interested in our polymer materials and expect that the materials will perform as anticipated," said Dr. Raluca Dinu, Director of Lumera's Electro-Optic Business Unit. "We look forward to developing a long-term relationship with Lockheed Martin."

[nutsterrt]

Stopped out a 4.61 for an ugly 9.5% loss. 

[njshiva]

looks like it bounced back nutsterrt. If it can close above that short term resistance of 5.72 then look for a nice run up till 8 

[Draak]

The next SWIR?

[kslifka]

LMRA up big on news that it received orders from Lockhead Martin.


Market cap is small($63 million) and LMRA can really move as seen in late 2006.

Lumera Receives Order and Enters into Agreement with Lockheed Martin
Tuesday January 29, 8:45 am ET

BOTHELL, Wash.--(BUSINESS WIRE)--Lumera Corporation (NASDAQ:LMRA - News), a leader in the field of photonics communication, announced today that it has received a purchase order from Lockheed Martin for Lumera's high electro-optic activity materials. The term of the existing agreement was extended through December 31, 2009, during which time Lockheed Martin will advise Lumera of its intentions regarding a commercial license for the materials.

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"We are pleased that Lockheed Martin is interested in our polymer materials and that the materials performed as anticipated," said Dr. Raluca Dinu, director of Lumera's Electro-Optic Business Unit. "We look forward to continuing a long-term relationship with Lockheed Martin."

About Lumera

Lumera is a leader in photonic communications. The company designs electro-optic components based on proprietary polymer compounds for the telecommunications and computing industries. For more information, please visit www.lumera.com.


Contact:

Investor Relations:
Lumera Corporation
Helene F. Jaillet, Ph.D., 425-398-6546
or
Media:
The Summit Group Communications
Todd Wolfenbarger, 801-595-1155
Cell: 801-244-9600