DataTrak International (DATA)

Company

DATATRAK International, Inc. is a worldwide technology company focused on the provision of multi-component eClinical solutions and related services for the clinical trials industry. The Company delivers a complete portfolio of software products that were created in order to accelerate clinical research data from investigative sites to clinical trial sponsors and ultimately the FDA, faster and more efficiently than manual methods or loosely integrated technologies. DATATRAK’s eClinical software suite can be deployed worldwide through an ASP offering or in a licensed Technology Transfer model that fully empowers its clients. The DATATRAK software suite and its earlier versions have successfully supported hundreds of international clinical trials involving thousands of clinical research sites and encompassing tens of thousands of patients in 56 countries. DATATRAK International, Inc.'s product suite has been utilized in some aspect of the clinical development of 16 separate drugs that have received regulatory approval from either the United States Food and Drug Administration or counterpart European bodies. DATATRAK International, Inc. has offices located in Cleveland, Ohio, Bonn, Germany, and Bryan, Texas. (company website)

DATA 3-month stock chart

Buy

7-Jul-06. DataTrak has been on a year-long downtrend (see sidebar) that appears to have bottomed in May and re-tested in June. Since then the chart is showing increased strength. It is now trading above the 50-day moving average, which is rising.

  • Price momentum (PPO) — sharply increasing
  • Trend (ADX) — buying pressure (+DI) recently crossed over selling pressure (-DI)
  • Money flow (CMF) — negative but improving
  • Relative strength (RSI) — improving from negative to neutral
  • Volume — weak

Although I attempted to buy a full lot of 500 shares, I only got 100 before I was out-bid.

Sell

loss Bottom line
-9%

31-Jul-06. Well. DATA was supposed to retreat to the 1-month moving average and then rebound. Didn't work that way. The 50-day moving average turned down last week and it's now pretty clear that the downtrend is still in place. I put in an order to close my entire position at $6.80. Thankfully, this first lot of 100 shares sold at that price.

DATA 1-year chart
DATA 1-year chart