AVNX

[setravis]

Draak, you should post ur comments about AVNX in this thread instead of making another one

Thank you Terliso, For you support of this unnecessary creation of yet another thread on the same stock pick.........Applaud !!!!!!
ESP......

[setravis]

Well let's leave Friday's closing chart, since we are in this thread.
Oversold....Back above the 50-day MA.
Target $3-4, stop $1.54.

Support @ $1.59...1.50...1.41
Resistance @ $1.74...1.86...1.94...2.00

Recent CandleStick Analysis
Bullish
Oct-11-2006 Bullish Engulfing 

52wk Range: 0.62 - 3.50

Volume: 2,942,888
Avg Vol (3m): 4,037,300

Technicals
Stochastic is Bullish
Close Above the 50-day MA
Close Above the 13-day MA

Last Price Quote is:
2.73%above 13-day MA
1.29%above 50-day MA
RS Rating: 61 

Fundamentals
Key Data:
Market Cap (M): $333.11 
P/E Ratio: NA 
PEG Ratio: -3.78 
Next Earnings: 11/08/2006
Last Analyst Rating: Hold

• Avanex Corporation Earnings Call scheduled for Thu, Nov 2
CCBN (Wed, Oct 11) 

[usedcasting]

Thanks Setravis for the quick look at this one. I have stuck it out with avnx, made out well on the run up, sold and bought back in averaging $2.26. It never ceases to amaze me how volitile these cheap stocks are.

uc.

[Draak]

First My Apologies for the last new thread!

Volume nice above 20 day. Shorts left to covet 1.58 days. Break out inevitable!

[usedcasting]

First My Apologies for the last new thread!

Volume nice above 20 day. Shorts left to covet 1.58 days. Break out inevitable!

Yes, we may get that breakout today. Up 13% pre-mkt on earnings report.

uc.

Avanex Q1 revenue up
Thursday November 2, 9:15 pm ET

Avanex Corp. Thursday said it had record revenue for the first quarter of fiscal 2007, with strong growth of new products, but posted a loss greater than analysts' estimates.

Fremont-based Avanex (NASDAQ: AVNX - News), which sells technology used in fiber-optic networks, reported revenue of $50.9 million for the quarter ended Sept. 30, compared with revenue of $41.2 million during the same quarter a year ago.

The company had a net loss of $9.8 million for the quarter, or 5 cents per share, compared with a loss of $16.9 million, or 12 cents per share a year ago.

Analysts polled by Thomson Financial on average estimated a loss of 2 cents per share on $49.15 million in revenue.

[bocasva]

AVNX is really serious about coming back into the spotlight. 
After closing the gap it opened on the positive response to earnings it's back to higher grounds on good volume.

[ScottishTrader]

AVNX is sure goin up!!!

Gapping above key 1.82 resistance - looks ready to run.  I put targets at 2.05 and 2.25.  Could well be a big volume day...

[usedcasting]

Some resistance at $1.89 otherwise come on $2.05.

uc.

[bocasva]

Waiting to sell some between 2.05 and 2.12

[usedcasting]

Nice bit of news. Now we know what the commotion has been about today.

uc.

Avanex Up on Upgrade to 'Buy'
Monday November 13, 2:09 pm ET
Avanex Shares Jump After Analyst Upgrades Stock on Market Share Gains

NEW YORK (AP) -- Shares of Avanex Corp., a maker of fiber-optic networking equipment, jumped in Monday's trading after an analyst upgraded the stock and said the company may be stealing market share from a key competitor.

BWS Financial analyst Hamed Khorsand lifted his rating on the stock to "Buy" from "Hold" and said Avanex' increased fiscal first-quarter sales may have come at rival Bookham Inc.'s expense.

"Over the last six months Avanex has improved their output of products from their Asian manufacturing facility that has resulted in smaller inventory write downs at Avanex. The financial results from Bookham continue to be evidence that Avanex is regaining market share," Khorsand wrote in a note to investors.

Shares of Avanex, which have traded between 62 cents and $3.50 over the last year, were up 14 cents, or 7.9 percent, at $1.92 in midday trading on the Nasdaq

[setravis]

Potential........

BWS Financial upgrades Hold to Buy. Target $1.6 to $2.4. BWS Financial upgrades AVNX to Buy from Hold and raises their target to $2.40 from $1.60 saying Avanex (AVNX) is regaining market share from Bookham (BKHM) after AVNX reported revenue growth of 23.5% from 2005 while BKHM showed only 2.5% improvement. The firm says over the last six months AVNX has improved their output of products from their Asian manufacturing facility that has resulted in smaller inventory write downs at AVNX. They say the financial results from BKHM continue to be evidence that AVNX is regaining market share.

Support @ $1.77...1.71...1.66
Resistance @ $1.94...1.99

52wk Range: 0.62 - 3.50
Volume: 8,044,690
Avg Vol (3m): 4,137,410

Technicals
MACD is Bullish
Most Actives
Percentage Gainer

Last Price Quote is:
12.67%above 13-day MA
15.93%above 50-day MA
RS Rating: 94 

Fundamentals
Analyst Upgrade to Buy

Key Data:
Market Cap (M): $333.11 
P/E Ratio: NA 
PEG Ratio: -3.78 
Next Earnings: 02/16/2007
Last Analyst Rating: Buy

[Keichi]

closed above the 200ma which also filled the gap @ 1.88.

[ScottishTrader]

Continued strength... wants to break 2.00 tomorrow 

[LT500r]

Ive almost pulled the sell trigger twice thinking its legs may tire.The chart keeps me hanging on,Ill see how much energy this has.

[setravis]

Ive almost pulled the sell trigger twice thinking its legs may tire.The chart keeps me hanging on,Ill see how much energy this has.

Let the chart do the talking......