$ATXS – WATCH: Beginning Stage 2


  • Looks to be just transitioning from Stage 1 to Stage 2.
  • It’s already up 40%+ out of the transition.
  • Fundamentals are weak, but there is incoming strength for some other reason.
  • Watch for retest of transition area or, more likely, a Base 1 to develop.

Stage Analysis

Transition Structure

Price above 30 and 40-week MAYES
30-week MA is above the 40-week MAYES
40-week MA is turning upYES
Series of higher highs and higher lowsYES
Large volume spikes and low volume pullbacksYES
More up weeks on volume than down weeksYES


This looks like a good early Stage 2. I had been watching this for a while but took my eye off it and looks like I may have missed a good BO of the transition. Regardless, it’s made a strong 40%+ move since, so it’s too late to chase now.

I doubt it will retest the transition. In fact, if it did that’d probably be a bad thing. Nevertheless, I will watch for it, but the more likely scenario will be the formation of a Base 1. Either way, it will probably take a bit for it to happen. I’ll keep a better eye on it this time in my primary watchlist.


The fundamentals are really not good. There isn’t much financial data, but they don’t appear to be profitable. Regardless, in mid 12/22 they announced some positive trial data and raised cash. The good thing is they should have a good pile of cash now.

Past 2 quarters EPS growth >= 25%No, only last Q
Past 2 quarters margin growth >=25%N/A, no margin data
EPS growth >= 25% in past 3 – 5 yearsN/A, data doesn’t go back that far
EPS surprisesYES, 5% this Q and 17% the Q before that
EPS break outYES, Last Q was 27.12%
ROE >= 17%NO
Earnings driftYES
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