PPR - 3 pockets to kick off 2012

Published : January 3 2012 at 16:36 ET

VPHM- Medical company that has formed a high, tight flag, after receiving positive news about one of its flagship drugs. It closed mid-bar in today's trade so was not the most convincing close. Still, this is one to keep an eye on. Group rank 15th out of 202 groups. Overall rating 97. Earnings and sales are flagging, but technicals look very strong.


LKQX- Automotive parts manufacturing company that distributes replacement parts. Group rank 5th out of 202 groups. Earnings have accelerated over the last 3 quarters and institutional sponsorship has climbed over the last 3 quarters. LKQX had a gap up on November 30, then correlated with overall market direction since. Given its tightening price/volume pattern, it could outperform the general market should the market head higher.


BIIB- Medical company with group rank 15th out of 202 groups. While its sales and earnings are not huge, its technical pattern is very tight thus one could place a stop at 108.99, which is less than 4% away from today's close.


The general market's choppy trendlessness could continue into 2012 so position size with care.

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