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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Momentum Stock: Mobile Mini, Inc. (MINI)

April 17th, 2007 • Related • Filed Under

Mobile Mini, Inc. (NASDAQ:MINI) is a provider of portable storage solutions through the lease fleet of over 116,000 portable storage and portable office units at December 31, 2005. The Company offers a wide range of portable storage products in varying lengths and widths with an assortment of differentiated features such as Company’s proprietary security systems, multiple doors, electrical wiring and shelving. At December 31, 2005, the Company operated through a network of 51 branches located in 30 states and one Canadian province. The Company’s portable units provide secure, accessible temporary storage for a diversified client base of approximately 80,200 customers, including large and small retailers, construction companies, medical centers, schools, utilities, distributors, the U.S. military, hotels, restaurants, entertainment complexes and households. The storage industry includes two principal segments, fixed self-storage and portable storage. (Source: Bigcharts)

Mobile Mini is my next momentum stock. Take it or leave it, but here’s my argument for why you need to get into this stock TODAY!

In the two-year weekly chart below you can see that the stock has been trading in a slightly downward consolidation pattern, similar to a wedge. Before you get your mind rapped around the word “downward” let me say that the overall trend is up and that the recent pullback is an excellent opportunity to jump in at a discount price. In February of 2007 the stock tested its major support that was originally broken back in February of 2006. Buyers stepped in and said with conviction that there is no reason why this stock should trade below $25/share.

Mini

Expect to see pressure building around the $28 area with perhaps a few more weeks of consolidation before the rally begins. However, I would not risk waiting a second longer. The MACD and DMI indicators just broke through to the buy side and signal that the momentum is very strong with this play.

Our Recommendation: Buy an initial block of MINI stock today at $28.64. Once the stock breaks out above $29/share you should then purchase your next block. As always do not forget to place your 5-10% stop loss.

Good Investing…

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