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Phazar Corp - ANTP - close: 21.66 chg: +1.61 stop: 19.99

Company Description:
PHAZAR CORP is a publicly owned company that operates as a holding company with Antenna Products Corporation and Phazar Antenna Corp. as wholly owned subsidiaries. Antenna Products Corporation is an operating subsidiary that designs, manufactures, and markets antenna systems, towers, and communication accessories worldwide. The United States government, military and civil agencies, and prime contractors represent Antenna Products Corporation's principal customers. Phazar Antenna Corp. is a separate legal entity that currently operates as a small division of Antenna Products Corporation. The Company's operations are performed in Texas for customers throughout the country. (source: company press release)

Why We Like It:
This play is for the bored investor or the thrill seeker because anyone looking to play ANTP could get their heart racing. The stock produced a rocket-like trajectory back in November-December last year. And like a rocket that ran out of fuel the stock fell almost as quickly back to earth. Now shares are trying to rally again after a month of consolidating sideways around the $20.00 region. Currently ANTP is still trading under resistance at $22.85 and its simple 50-dma but we notice that volume is rising on the current rally and ANTP could be poised to breakout. Bulls will note that the P&F chart is positive and points to a $29 target. We suggest that traders willing to accept the high-risk nature of this volatile equity consider using a TRIGGER at $23.01 (or if you feel like gambling try a trigger over 22.85). We will use a wide stop loss at $19.99 but target a move to the $29.00-30.00 range. What makes this even more risky for traders is that we cannot find any earnings release data for ANTP. They could announce tomorrow (we doubt it) or they could announce earnings weeks from now. Regular readers know that we do not like to hold over an earnings report. If we can find an earnings date we will plan to close the play before they announce.

Picked on March xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/05/05 (confirmed)
Average Daily Volume: 1.0 million
 

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