Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[Joe Stocks]

MYG- Looks like an interesting short to me for a position play. MACD did not cofirm the run to a new high and volume appears to be saying, "let me out". Nice gap lower to to be filled and the fall in the durable orders numbers should weigh on this one.

http://stockcharts.com/def/servlet/SC.web?c=myg,uu[l,a]daclyyay[db][pc20!c50][vc60][iLb14!La12,26,9]...

>>Maytag manufactures, distributes and services a broad line of home appliances. Maytag also manufactures bottle and can vending equipment and glass front merchandisers. Sales for the three months ended 3/31/02 increased 20% to $1.18 billion. Net income from continuing operations fell 26% to $58.1 million. Revenues reflect the acquired Amana appliance business. Net income was offset by a decreased gross profit margin due to weaker product pricing.<<

Sorry, if this has been recently mentioned. I'm new to the board.

Joe