Agree. Charts are not 100% and have lots of false signals. But RSI has been a good tool to forecast correction, IHMO. Reading of 71.48 today tells me that it will correct towards the 50-60 level. How much of the pps drop is anybody's guess. Good luck.
Wanted to make sure I was reading some numbers correctly. this company grossed over 1.7 billion in sales for quarter ending Oct 1, 2016, is that correct? Net income was over 70 million?
Almost three times as much income as the previous quarter?
With these kinds of numbers isn't the stock grossly undervalued?
I just want to make sure I am not misreading the numbers. thx for your opinions
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