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| Alias Born | 09/29/2012 |
Saturday, October 20, 2012 9:44:59 AM
Xyratex is starting to work its way higher after dropping from over $12 a share. At $7.54 a share and considering that XRTX was trading well over $10 last month the risk for further decline is outweighed by the potential gain that a strong bounce would provide. With today's closing price of $7.54 I think a quick bounce to $8 or better is in the cards. Now taking look at daily charts we may see that majority of the technical indicators started to show some bullish signs. The RSI just bounced off extreme oversold conditions during today's rally, MACD made a bullish cross and is heading up. Slow Stochastic also shows bullish cross with %K over %D. This is a stock you should add to your watch list as believe it could move higher from current levels.
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