Military Maneuvers

  • February 7, 2001
  • Duke Heberlein

The electronics-military systems industry group has been quietly growing in
strength in this first quarter of 2001, gaining over 13% as a unit over the
first few weeks of this year. Some of these stocks are forming some interesting
setups for the momentum short-term and swing trader.

Titan Corp.
(
TTN |
Quote |
Chart |
News |
PowerRating) is pulling back to the 20-day moving average
following a gain of more than 33% over the last six weeks. Note the prior bounce
off this same technical indicator that resulted in a gain of almost 4 points in
two sessions.

 

 

Alliant Techsystems
(
ATK |
Quote |
Chart |
News |
PowerRating) is touching the top of a
Jeff Cooper Boomer pattern, and is showing massive “daylight” over the
20- and 50-day moving averages. This could be worth following, for a move to the
upside, if it occurs, could take place soon as stocks in fast moves rarely pause
for long.

 

 

Finally, Level 3 Communications
(
LLL |
Quote |
Chart |
News |
PowerRating) is tracing out
a pullback from its latest high after failing to break down from a head and
shoulders pattern.

 

 

Until tomorrow,

Duke