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JimVanMeerten (56.04)

China Techfaith Wireless- Ground Floor Opportunity



May 19, 2011 – Comments (0) | RELATED TICKERS: CNTF

This morning one of the fastest rising stocks on my Barchartscreener is China Techfaith Wireless (CNTF).  The stock is on a roll and might be your chance to get in before the brokerages start pushing to their clients.  There are 13 firms following the stock but at this time they are not willing to commit to forecasts of sales and earnings. Their product -- headsets are going to be a vital product with call centers, Skype users and more and more computers sold with both voice and visual communication capabilities.  Look at the stock momentum in the last month.

China TechFaith Wireless Communication Technology Limited (CNTF) is a leading independent mobile handset design house based in China. They provide complete design services spanning the entire handset design cycle, which involves industrial design, mechanical design, software design, hardware design, component selection and sourcing, prototype testing, pilot production and production support. They design mobile handsets and provides mobile handset solutions on GSM/GPRS, WCDMA/UMTS and CDMA technologies.

Factors to Consider:

Technical Factors:

1 - 100% Barchart overall technical buy signal

2 - Trend Spotter buy signal

3 - Priced above its 20, 50 and 100 day moving averages

4 - 14 new highs and up 66.42% in the last month

5 - Relative Strength Index 83.11% and rising

6 - Trades around 6.82 with a 50 day moving average of 4.58

Fundamental Factors:

1 - Although 13 Wall Street brokerage firms have made recommendations to their client none are willing to stock out their neck with sales and earnings forecasts

2 - There are 3 strong buy, 4 buy, 3 hold and 3 old negative reports released.  The old negative reports haven't been reviewed in quite a while

General Investor Sentiment:

1 - Investor sentiment as measured on Motley Fool is a surprise for a stock will no analysts sales and earnings projections but having 379 readers having an opinion on the stock

2 - CAPS members vote 254 to 31 that the stock will beat the marketThe more experienced

3 - All Stars vote 79 to 15 for the same result

Summary:  I understand the need for the product.  The stock is getting notice.  If you are not willing to buy China Techfaith Wireless (CNTF) at this point, better put it on your watch list and look for analysts projection when published.

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