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KNXA ZOLT

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Kenexa - KNXA - close: 31.85 change: +1.11 stop: 29.85

Company Description:
Kenexa Corporation provides outsourcing, employee research and software to help organizations more effectively recruit and retain a productive workforce. Kenexa solutions include applicant tracking, onboarding, employment process outsourcing, phone screening, skills and behavioral assessments, structured interviews, performance management, multi-rater feedback surveys, employee engagement surveys and HR Analytics. (source: company press release or website)

Why We Like It:
The consolidation in KNXA appears to be over. After an amazing October 2005-May 2006 run shares began to see some profit taking. Traders were ready and stepped in to buy the dip almost perfectly at the 50% retracement level. Now the stock is breaking out higher over resistance near $30.00 and its 50-dma (31.43). We are suggesting long positions here over the 50-dma but if KNXA does dip next week a bounce from the $30.00 level would be an attractive entry point. Our short-term target is the $34.90-35.00 range. FYI: The P&F chart is still bearish and points to a $23 target.

Picked on July 02 at $31.85
Change since picked: + 0.00
Earnings Date 08/07/06 (unconfirmed)
Average Daily Volume: 178 thousand

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Zoltek - ZOLT - close: 29.89 change: +1.27 stop: 27.49

Company Description:
Our mission as a company is to lead the commercialization of carbon fiber as a primary composite building material. (source: company press release or website)

Why We Like It:
Shares of ZOLT are on the verge of a new Point & Figure chart buy signal. A move over $31.00 would reverse the P&F chart into bullish mode. Shares already have a short-term bullish pattern of higher lows and volume has been rising on the recent strength this past week. Yet so far ZOLT is struggling to close over the $30.00 level. Most of the daily technical indicators are bullish and we expect that the upward trend may continue next week. We are going to suggest a trigger to go long the stock at $30.81, which is above Friday's high. More conservative traders may want to wait for a move over $31.00 before initiating positions. Our target will be the $34.75-35.00 range.

Picked on June xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/09/06 (unconfirmed)
Average Daily Volume: 810 thousand
 

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