By Ann Sosnowski

One of my favorite stocks has been bumping along again…

Almost Family Inc. (AFAM:NASDAQ), the home healthcare company that is gobbling up other home health- care companies across Florida, is setting new highs again.

Yesterday, AFAM posted a 52-week high of $30.43.

Perhaps it's in anticipation of the closing of the deal with its newest acquisition, Mederi Inc… or even just anticipation of the continued performance of this company, but it's really gaining some attention.

In the past month, AFAM has had three huge volume spikes: One on November 7 with a volume of 59,604, another on November 16 at 28,180, and yesterday with a volume of 34,692.

This stock should be an essential part of any investor's portfolio who is banking on the baby boomer generation and their new method of “aging in place” instead of entering retirement homes.

WaveStrength Hot Sheet members sold half of their AFAM holdings two weeks ago for gains of 18%.

Today, you're sitting on gains of 25%. Continue to hold!

In other news, telecom stocks were down today after a three-day run, according to the Telecom HOLDRs Trust (TTH:NYSE) that WaveStrength Traders are currently holding.

One of the main stories coming out of the industry is about wireless standard. Nokia Corp. (NOK:NYSE) executives believe that whoever wins the patents over the third generation mobile technology would set the standard for all others that follow.

Many wireless handset and network equipment companies are blaming Qualcomm Inc. (QCOM:NASDAQ) for charging too much for its third-generation technology. Qualcomm only has 20% of the current essential wireless patents (compared to the 25% that Nokia and Ericsson each own) but charges a royalty rate up to 5% for the wholesale value.

This brawl may be one reason why QCOM is down again today, bringing it back toward its recent low support at $35 per share.

And while the TTH is down today, it has been rising slowly over the near term, and looks to continue on. Money Flow is proving strong and Relative Strength is increasing.

A positive support crossover on the Moving Averages will occur shortly, spurring more investment on these currently undervalued telecom companies.

WaveStrength Traders should continue to hold their upside position in the telecommunications industry.

With that, enjoy your weekend, and we'll see you next week.