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STAAR Surgical Company Message Board

  • galaberge galaberge Jan 17, 2012 5:30 PM Flag

    A very interesting analysis for STAA

    See the following link :

    In the recent 3 quarters $STAA posted EPS +150% +200% and +133%.

    Sales have been increasing +8% +19% and +16%.

    Estimated earnings for 2012 is +167%.

    The stock has a float of 35.49M shares, where if it sees any type of large institutional buying, the stock has potential to rise quickly in a short period of time.

    The stock has been showing high relative strength and has formed an ascending base. The historical precedent for this set-up is the Monogram Industries chart from 1966.

    In August 2011 the stock broke out from a 13 month side ways consolidation on approx +200% above the weekly average volume. This rapid expansion in volume is strong action that should be noted.

    While the bear market ensued, $STAA displayed relative strength and advanced to form a series of ascending bases. Each consolidation broke out with strong volume showing demand as the stock made new 6 year price highs. On the advances the stock showed strong accumulation and on each successive pull back, in contrast, volume was much lighter.

    Currently the 3rd base in the formation is showing volume dry-ups which suggest that selling pressure is diminishing. Also note that the volume is the lowest since the up-trend began.

    On the daily chart $STAA increased 6.77% on +66% above the daily average volume. This was the highest accumulation day since the basis’s inception.

    This strong action deep in the base could be a tip off, and in the coming days $STAA could break out into new 6 year price highs. $STAA has a pivot over 11.80.

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