Thursday, September 16, 2010

LOCM - Watchlist it.

The chart scans yielded only two reversal alerts, one of which is LOCM (local.com). Its skimming along the bottom of its chart at $3.56 but earnings growth is strong, its YoY revenue growth has been around 70% for the last three quarters, and has a forward P/E of 7.2. Earnings estimates have been rising and it has a recent analyst upgrade from neutral to buy. No options.

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