San Diego, CA 10/8/2009 1:02:09 AM
WMS Industries (WMS), Agilent Technologies (A) Trades Closed Out at Small Cap Network
Previously opened trade recommendations WMS Industries Inc. (WMS) and Agilent Technologies Inc. (A) are now to be exited.
The Small Cap Network, an online stock picking resource for investors, is recommending exits on WMS Industries Inc. (WMS) and Agilent Technologies Inc. (A). The two stocks had been previously suggested by the website, but underlying changes to each chart have necessitated defensive exits or profit-taking.
Agilent was a bullish recommendation made in January of this year. The pick was held through the March bottom, and an exit today will lock in an approximate gain of 41% for investors who purchased the stock then. The reason Agilent is being exited now is primarily a technical one that suggests more downside could be ahead.
WMS Industries was suggested as a bearish (or short) trade just last month. Though the site's analysts still feel WMS shares are due for a major correction, the short position is being covered at a small loss now that key resistance levels are being broken.
Investors can review the entire rationales behind the close-outs of WMS Industries and Agilent Technologies - along with new recommendation - by visiting: http://www.smallcapnetwork.com/s/.
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 18,000 employees serve customers in more than 110 countries. Agilent had net revenues of $5.8 billion in fiscal 2008. Information about Agilent is available on the Web at www.agilent.com.
About WMS Industries
WMS Industries (NYSW:WMS) is engaged in serving the gaming industry worldwide by designing, manufacturing and marketing video and reel-spinning gaming machines, video lottery terminals, and in gaming operations, which consists of the placement of leased participation gaming machines in legal gaming venues. More information on WMS can be found at www.wms.com.
About SmallCapNetwork
The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small company stocks, micro cap stocks, bulletin board stocks, and other actively traded stocks.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
