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Beacon Research Issues TraderNotes on QTWW, RFMD, FCX, YGE, IHME for January 14, 2007

Today’s TraderNotes include: Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), RF Micro Devices, Inc. (Nasdaq: RFMD), Freeport-Mc MoRan Copper & Gold, Inc. (NYSE: FCX), Yingli Green Energy Holding Company Limited (NYSE: YGE), IntelliHome, Inc. (OTCBB: IHME)

 

Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) TraderNote – QTWW Finds Strong Support from Strategic Alliances

 

Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW) at 0.58 and opened today at 0.62. So far today, the stock has hit a high of 0.68 and touched a low of 0.60.  Quantum Fuel Systems Technologies Worldwide, Inc. engages in powertrain engineering, system integration, and manufacturing and assembly of packaged fuel systems, and battery control systems and accessories for automotive vehicles and applications. It operates in two groups, Quantum Fuel Systems and Tecstar Automotive Group.  The company offers its services for various applications, including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements, and engines and drive trains for original equipment manufacturers (OEMs) and OEM dealer networks. It also engages in designing, engineering, and manufacturing hybrid and fuel cell vehicles. The company operates in the United States, Canada, Japan, Germany, and Norway. Quantum has strategic alliance with AM General, General Motors, Sumitomo Corporation, and Unique Performance, Inc.  In today's daily chart, QTWW's RSI is so far at 54.38, with a sharp curve upwards to indicate continuation of the bullish signal.  MACD so far is in the positive zone with histogram reading at 0.020.  Slow Stochastics indicator also indicates so far a positive trend with the %K at 53.42, with a steep curve of the line upwards, indicating a buying signal, with share prices approaching the psychological resistance of 0.70 as its next target. 

 

RF Micro Devices, Inc. (RFMD) TraderNote – RFMD Well-Positioned in The Mobile Communications Market With Its RF Components and System Solutions

 

RF Micro Devices, Inc. (RFMD) closed last Friday at 3.7 and opened today at 3.92.  So far today the stock hit a high of 3.92 and a low of 3.83.  RF Micro Devices, Inc. engages in the design, development, manufacture, and marketing of radio frequency (RF) components and system solutions for mobile communications worldwide. It offers power amplifiers, transmit modules, cellular transceivers and transceiver modules, and system-on-chip solutions that enable mobility and provide connectivity, and support advanced functionality in mobile devices, cellular base stations, wireless local area networks, and global positioning systems. The company's products include RF component products comprising power amplifiers, gain blocks, low-noise amplifiers/mixers, quadrature modulators/demodulators, and other component products that consist of intermediate frequency components, attenuators and switches, voltage-controlled oscillators, and linear cable television amplifiers; and system-level solutions, which include cellular transceivers and global positioning system. RF Micro Devices sells its products to original equipment manufacturers and original design manufacturers through a network of sales representative firms and distributors.  In today's daily chart, RFMD's RSI so far is in the negative zone of 20.54, indicating a bearish signal still to confirm an oversold condition upon crossing the 30% level upwards.  MACD likewise is in the negative zone with histogram reading at -0.182 so far.  Slow Stochastics indicator with %K at 9.93 and %D at 12.45 so far indicates bearish signal but may confirm an oversold condition upon crossing the 20% level upwards, with share prices to possibly close the continuation gap formed by Jan. 10's close at 5.02 and Jan. 11's open at 4.08, upon a reversal upwards.  

 

Freeport-Mc MoRan Copper & Gold, Inc. (FCX) TraderNote – FCX Expanding Its Market for Copper, Gold and Silver Concentrates

 

Freeport-Mc MoRan Copper & Gold, Inc. (FCX) closed last Friday at 94.12.  So far today the stock hit a high of 94.25 and registered a low of 91.56.  Freeport-McMoRan Copper & Gold, Inc., through its subsidiaries, engages in the exploration, mining, and production of copper, gold, and silver. It holds interests primarily in the Grasberg open pit and the Deep Ore Zone mines in Indonesia. The company also owns interests in the Grasberg block cave, Kucing Liar, Deep Mill Level Zone, Ertsberg Stockwork Zone, Mill Level Zone, Big Gossan, Dom open pit, and Dom block cave.  In addition, it smelts and refines copper concentrates, and markets the refined copper products.  FCX is finding momentum in trading as Freeport-McMoRan Copper & Gold, Inc. sells its concentrates containing copper, gold and silver primarily to companies in Asia and Europe, and to international trading companies to expand its market.  In today's daily chart, FCX's RSI indicator so far indicates a slight bearish signal with a reading at 42.98, near neutral and approaching the 50% level.  Daily chart reflects a pennant formation, awaiting a breakout from the recent one-week trade range of 92.18 – 102.70 to set the direction.  Slow Stochastics likewise is still in the negative zone with %K at 24.24 and %D at 25.99, with no confirmation yet of an oversold condition.

 

Yingli Green Energy Holding Company Limited (YGE) TraderNote – YGE Boosted by Strong Market Demand in China

 

Yingli Green Energy Holding Company Limited (YGE) closed last Friday at 34.57 and opened today at 36.00.  So far today the stock hit the high of 36.33 and registered the low of 33.35.  Yingli Green Energy Holding Company Limited, through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems. The company sells its photovoltaic modules to photovoltaic system integrators and distributors located in various markets, including Germany, Spain, China, and the United States. It also sells its photovoltaic systems primarily to customers in China. In today's daily chart, YGE's RSI so far is at near neutral zone of 48.55, while slow Stochastics indicator is near oversold condition with the recent touch of the 20% level, with present readings of 31.83 %K and 27.65 %D.  MACD indicates a weak bearish signal since although the histogram reading is below the 0.00 level at -0.739, the 12-day EMA is at 0.3222 and 26-day EMA at 1.061, to indicate an almost neutral signal.

 

IntelliHome, Inc. (IHME) TraderNote – IHME Finds Strong Growth Potential with its Home Security and Safety Hardware

 

IntelliHome, Inc. (IHME) closed last Friday at 0.12 and opened today at 0.19.  So far today, the stock hit a high of 0.24 and registered a low of 0.19.  IntelliHome, Inc. engages in the sale, installation, and servicing of smart home products and services in Texas. Its products and services include structured integrated cabling solutions, including design and installation of structured wiring and outlets to support all low-voltage applications in a home or commercial setting. The company's solutions also comprise installation and monitoring of home security and safety hardware, such as keypads, window and door contacts, outlets, sirens, motion detectors, smoke and fire detectors, and related equipment, as well as provides third party monitoring services to support its security and safety system installations. In addition, it designs, sells, and installs a range of audio/video equipment and systems, including speakers, receivers, amplifiers, CD players, and home theater equipment, such as plasma, liquid crystal display, and big screen projection televisions, surround sound amplifiers and receivers, and DVD and VCR players.  In today's daily chart, IHME's RSI is so far at 44.06, with no indication of an exhausted condition, while MACD is below the 0 level, indicating a weak bullish signal with the trend above the signal line.  Stochastics indicator is in the positive zone at 56.42, with no indication of an exhausted condition.  

 

Beacon Equity Research Disclosure

 

The analysts contributing to this report do not hold any shares of the companies covered in this release.  Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has not been compensated by any of the companies covered in this release.  This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

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