Free stock pick for 11/29/2010
SHORT:
STEC
Fundamental
The price-to-sales multiple is slightly higher than the average; it is negative for small company like STEC. Analysts have issued conflicting earnings estimate revisions for STEC.
Technical
After strong pull back from high STEC forming flag pattern what is reversal pattern (avalanche. If we look at weekly and monthly time frame we can see that STEC could start with another daily selling wave and I will look for setup under Friday low with stop above 20sma daily. Target will be previous daily low and weekly 200sma support area. Of course all depends on market action to. For all updates feel free to contact us.
________________________________________________
For Ivica Juracich trading style explanation: click here
If you have any questions, please feel free to contact me.
Good luck trading today!!!!
Ivica Juracic
Nema komentara:
Objavi komentar