LTX Corp (LTXX)

Company

"LTX designs, manufactures, markets and services semiconductor test equipment. We sell our test systems worldwide to designers and manufacturers of semiconductor devices, such as Texas Instruments, STMicroelectronics, Samsung, Philips Semiconductor, Motorola, Lucent Technologies, Infineon Technologies and Hitachi. These devices are incorporated in a wide range of products, including data communications equipment such as switches, routers and servers, broadband access products such as cable modems and Ethernet accessories, personal communication devices such as cell phones and personal digital assistants, consumer products such as televisions, videogame systems, digital cameras, and automobile electronics, and personal computer accessory products such as disk drives and 3D graphics accelerators." (company website)

Buy

16-Jun-05. LTXX is recovering from a steep downtrend for most of the past twelve months. The downtrend ended in mid-May with a big jump on four times normal volume. After LTXX broke $5, it jumped up again and has been consolidating around $5.25.

• Price momentum (PPO) — strong, although flattened during consolidation
• Trend (ADX) — strengthening, although buying pressure (+DI) is falling off. But so is selling pressure (-DI)
• Money flow (CMF) — negative and stable
• Relative strength (RSI) — strong

The chart could be a bit stronger; I may have leaped prematurely, especially considering the stochastic RSI (StochRSI) is heading toward oversold.

Sell

19-Jul-05. I sold off this lot today to take profits, while still holding a second lot. The chart is very strong, and I expect to buy another lot if I can get it at a reasonable price.