This one is ready to move
My brief review of this stock:
The stock hit bottom at $5.03 on March 16th, re-tested this general level by holding at $4.88 on May 16th. Then, after a run to just under $7.50 on a 10-day/50-day exp mov. avg. crossover, the stock found higher support at $5.60 on July 3rd (3rd re-test), and has since run back up 24% to close at $6.96 today on almost 200% times average daily volume. Both money flow and accumulation/distribution lines have turned positive and we will be having a (most likely) permanent 10/50 EMA cross-over to the positive side tomorrow, which should awaken many traders who seek this particular indication. The stock looks poised to return to its former trading range of $10-12. This stock has 20% institutional ownership, providing proof that larger, smart money likes the stock and showing that there is plenty of room for additional large-block players. The company has no debt, is in a growing and expanding industry niche, has a PE ratio of 17 when its industry has a PE of 27, and a price/book ratio of only 1.69 (much less than the generally-accepted maximum of 10.00). I've been watching this one a long time, and feel that now is the time to get in, IMHO.
Anyone else like the stock?
