Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at or click below to go directly to the new Board on the new site.

Go to the New Site
No. of Recommendations: 0

You are right. The home building industry has been red hot, and the charts are magnificent. It just seems like that momentum can't continue much longer. And to me homebuilding seems more dependent upon consumers' discretionary spending than does the auto and truck repair industry. I'm not arguing AGAINST homebuilding stocks mind you. (I had my eye on Toll Brothers (TOL) for a while and am now wishing I had snapped up some of it, especially since late November.) I'm just giving you my opinion on why ATAC looks good to me.

I like to find the traditional cup-with-handle chart formation where the volume in the handle dries up to nearly nothing. This is one of the bullish signs O'Neil identifies. And in looking through NASDAQ stocks in the news in IBD last week, I noticed ATAC's chart looking really good.

Today's IBD ratings are: EPS 83; RS 98; Grp RS B; SMR A; Acc/Dis B. It is rated best in group in each of the four categories: Overall, Technical, Fundamental, and Attractiveness.

For these reasons, in addition to those I already mentioned, I think ATAC has a realtively good potential for a strong move to the upside in the short term. Maybe it will be outpaced by some of the home builders you mentioned, but I think there's less chance of it falling significantly. As always, I could be wrong. That's what keeps life interesting.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.