Market Trends:

In July of last year, I pinpointed Bob Evans Farms Inc. (BOBE:NASDAQ) as a TrendBuster, a term I coined that describes a stock that has broken out of a long-standing falling trend. At that time, BOBE was valued at $25.00 per share.

Although our stock was prematurely stopped out, a quick glance at BOBE more than a year later shows that it did in fact live up to its TrendBuster status. Yesterday, the company announced that its namesake restaurants open at least two years saw an increase in sales of 5% in September, in part due to its new “Knife and Fork Sandwiches.” (I haven't had a chance to try them yet, but they sure look tasty!)

This was the company's first monthly store gains since February of this year. The stock is now valued at $32.00, and looks to continue higher.

In other stock news, my “comeback” story stock in WaveStrength Hot Sheet is Taser International Inc. (TASR:NASDAQ). The company just announced that it received three orders of 2,654 X26 taser units and accessories by the San Bernardino County, California Sheriff's office. The Mesa, Arizona Police Department and the French Ministry of Interior placed orders as well that were both received and shipped in the third quarter.

Third-quarter 2006 revenue for TASR is now expected to be $18 million. TASR's stock price has hit a high of $8.65 today, bringing the stock to the 200-day Moving Average.

A comeback stock indeed!

And finally, the Dow Jones Industrial Average is down 21 points this morning, coming out of overbought territory. The Dow Jones Transportation Average has managed to break above the 200-day Moving Average but is showing a drop on Relative Strength.

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