May 21, 2012 -- Updated January 17, 2012 13:47 HKT
Red Alert: Magnetek, Inc. (NASDAQ:MAG)
Red’s Bull Trade Alert: Magnetek, Inc. (NASDAQ:MAG)
17 January 2012
Profile: Magnetek, Inc. provides digital power control systems to control motion and power primarily in material handling, elevator, and energy delivery applications. It offers power control and delivery systems and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, locomotive yards, and heavy movable structures. The company’s material handling products comprise drive systems; radio remote controls; and braking, collision-avoidance, and electrification subsystems. Its elevator application products consist of direct current high performance elevator drives, as well as AC drives for low and high performance traction elevators. The company also provides energy delivery products, including power inverters for fuel cells and wind turbines, which deliver AC power from these energy sources to the utility power grid, as well as offers drives for underground coal mining equipment. Magnetek, Inc. sells its products directly or through manufacturers’ representatives to original equipment manufacturers (OEM), system integrators, value-added resellers, end-users, and distributors in the United States, Canada, and the United Kingdom. The company was founded in Y 1984 and is HQ’d in Menomonee Falls, Wisconsin
Sector: Industrial Goods, Industrial Electrical Equiptment
Website: http://www.magnetek.com
LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr. ID’d the start of a new Bullish trend for Magnetek, Inc.
The price range Friday was between 10.20, and 11.50 .
Volume: 25,428/shrs is more than its 3 mo average volume of 8,552/shrs.
MAG is trading above its 20 and 50-Day, and below its 200-Day Moving Averages.
My Technical Indicators augur strong new Bullish price action in here.
The stock’s 52 wk low is 7.50, and 52 week high is 26.00, its P/E ratio is 5.00, its EPS is 1.92, its RSI is 75.58, Beta is 1.88, the Div & Yield is 0.00 (N/A), and the P/C ratio is 0.0.
Performance Metrics for: Wk. +28.21%, Mo.+30.24%, Q:+19.79%, 6 Mo.-38.50%: Yr.-41.03%
| Analysis | Overall | Short | Intermediate | Long |
| Neutral (-0.09) | Neutral (0.05) | Neutral (0.00) | Bearish  (-0.33) |
| Recent CandleStick Analysis        Bearish |
| Date | Candle | 11 Jan 2012 | Bearish Harami |
Open Gaps None
| Support and  Resistance |
| Type | Value | Conf. |
| resist. | 19.40 | 2 |
| resist. | 15.90 | 2 |
| resist. | 14.40 | 2 |
| resist. | 14.10 | 2 |
| resist. | 12.35 | 5 |
| resist. | 11.70 | 2 |
| supp | 11.30 | 2 |
| supp | 9.78 | 29 |
| supp | 8.34 | 2 |
| supp | 7.97 | 5 |
Technical Indicators
| Ind. | short | Inter | Long |
| EMA | VBu | Bu | N |
| MACD | N | VBe | VBe |
| RSI | N | ||
| TDD | Bu | ||
| Fibs | Bu | Bu | VBe |
| Highs | Be | VBe | VBe |
| Lows | N | VBu | Bu |
| Trends | N | N | VBu |
| Stoch. | VBe |
| VBu=Very Bullish,      Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish |
1 yr Price Target Price Estimate: 29.10
Earnings Date:Â 6 February 2012
Analysts’ Recommendation: Strong Buy
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
Find out more about HCM Managed Funds
For More Information Contact
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Email : info@heffcap.com
Bangkok
Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Email : info@heffcap.com
New York
347 5th Avenue, Suite 1402-508 NY, NY 10016
Email : info@heffcap.com
Get the Updates Daily
Brokerage, Investment Management, Investment Banking, Emerging Markets Specialists
Managed Trading Account with Integrity and Stability
Eliminate concerns about Stock Market Downturn, Real Estate Downturn, Bernie Madoff’s, Current Events and Diversify at the Same Time;
THE BEST OVERALL MANAGED ACCOUNT SOLUTION, FIND OUT WHY, CONTACT US TODAY
Now is the time to get professional portfolio management services with HCM. Reap the benefits of proper international diversification and positioning in the global market place, with a high degree of customer service.
Our Managed Account Program accommodates those investors who wish to allocate a portion of their risk capital to managed hedge funds.
Find out why we are at the top, select the right investment for inclusion in your portfolio, to receive information and/or get started Click Here
Lower the Exposure of Your Portfolio to the Risks of the Global Marketplace.
Did you know? Major banks around the globe are weighing heavier on relatively shorter term trading speculation than the traditional lending-borrowing business.
Profits can be made on a falling market (by selling short) just as easily as buying a rising market, in addition, derivatives and CFD trading allows profits to be compounded monthly. Let us put the world’s most liquid, but least understood market, in your financial arsenal.
Global Portfolio and World Events
Do you have your portfolio directly linked to the economy?
- Equities
- Interest Rates
- Real-Estate
Which investment benefits are You lacking?
- Recession Proof
- Inflation
- Full Transparency and Audit Trail
Select the right investment for inclusion in your portfolio,to receive information and or get started Click Here
Managed Trading Account
You have a choice. There is No need to own “Companies” .There is No need to own illiquid Company stock, funds or Real Estate”. Do you have your portfolio directly linked to the economy? Or Worse just the Stock Market or Real Estate? Get a Liquid, Transparent/Separately Managed Liquid,Alternative Investment Account in Your Name , where money management, along with capital preservation and liquidity are most important.
Features:
- Professionally supervised by traders
- Risk/Money management (very important to us)
- Trades only occur with the most liquid spot markets
- High degree of liquidity
- Excellent Risk-to-Reward ratio
- Profits possible regardless of direction of the market
- Portfolio diversification: currencies, commodities, stocks, bonds, mutual funds, ADRs
Benefits:
- No one can withdraw funds other than the client
- The clients deposit direct to custodian
- The trader can only trade
- The investor’s funds remain in the client’s OWN NAME.
- The investor’s funds are held by an independent institution .
- Clients have direct access to their account, 24 hours a day
Our Goals For You:
- Capital Preservation
- Income Generation
- Security
- Quality Service
- Planning for the Future
Select the right investments for inclusion in your portfolio, to receive information and or get started Click Here
Your use of any of the Websites or any of the Services (defined below) constitutes your agreement to be bound by and comply with the Website Terms and Conditions and your consent to the collection, use and disclosure of personal information as described in the Privacy Policy. If you do not so agree and consent, you are not authorized to visit or use our Websites or the Services.
Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. You must also accept that opinions on stock markets change minute to minute, opinions expressed my change at any time without warning. Opinions maybe influenced by ad sales and other financial consideration. This site does not offer any assistance in making financial decisions.
Investor Services
Most (71 per cent) Boomers can’t wait to spend their time as they wish in retirement, but four-in-10 (42 per cent) of those not-yet-retired expect managing cash …
Don’t give up on Gold yet Economist Shayne Heffernan said in a note to traders today, he added that Gold may still reach $2000 in 2013.
Central banks …
iShares MSCI Malaysia Index Fund (EWM), iShares MSCI Indonesia Investable Market Index Fund (EIDO), iShares MSCI Singapore Index Fund (EWS), Market Vectors Indonesia Index ETF (IDX), iShares …
The Hot List
Sky Power Solutions Corp (OTC:SPOW), INDOCAN RESOURCES INC (PINK:IDCN), JP Morgan Chase (NYSE:JPM)
Sky Power Solutions Corp (OTC:SPOW)
Looks way oversold this morning, there has been what appears to …
















