White Electronic Designs (WEDC 13.08) is a high-ranked leader in the Electronics- Semiconductor Manufacturing group. The company manufactures high density microelectronic memory and microprocessor products. 

After beginning the month of August with a dip under its 50-day moving average (the blue line) WEDC reversed and turned up, with the help of strength in the group.  The  Semiconductor Index (SOX) action is among the highlights noted in the cover story of CANSLIM.net News.  After breaking to new highs on above average volume (see green line and circle) on Tuesday, September 2nd, it followed through and moved higher the next day, again on above average volume, and it has since budged very little on the downside, consolidating on below average volume.  

A look at WEDC's sales revenue comparisons for the past six quarterly financial reports shows an impressive fundamental improvement that has been helping lead to great earnings growth. Study how the company's sales revenues have been improving versus the year earlier - for the December  '01 quarter they were -21%, the March '02 quarter was -16%, the June '02 quarter  was +5%, the September '02 was +11%, the December '02 quarter was +10%, March '03 was +29%, June '03 was +39%.  

As sales revenues have shown clear acceleration, the company's earnings performance puts it ranked highly among the top 6% of the entire spectrum of public companies tracked by Investor's Business Daily.  Ending 1.4% off its best, WEDC was not among the 55 semiconductor stocks making new highs and listed on page B4 of the Monday, September 8th issue of IBD.  This is a promising leader, and that is an eye catching number of new highs in a group known to yield big winners!

Study the 5-year chart to see where this latest breakout reveals the potential for a move up to challenge its 2000 all-time highs near $18.  With continued good action in the tech sector, and barring any surprises or deterioration in the company's fundamentals, it could easily be possible to extend the upward move much further.  If one is willing to pay as much as 5% above the prior high of $12.75 set on July 16th, consider making your buy under $13.38 to stay within the guideline.  

Shares Outstanding - 23.2 Million  | 50-Day Avg Vol - 339,900
Prior 4 Quarterly earnings % Change: +0%;+57%;+38%;+33%

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