Replies to post #439082 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

Agile Software Corp-AGIL: Earnings Release Technical Summary
ANALYST ACTIONS: Consensus Earnings: (3c) at Low end of Range, (4c)-00. EPS Revisions Trend: Neutral. Recommendation Trend: Neutral. Upgrades this year: 1. Downgrades this year: 3. Price Targets: High: $10, Low: $7, Mean: $8.58. Trading below Mean.

TECHNICALS: Moving Averages vs Price: Bearish, trading below all MA values. Trend: Long/Intermediate/Short-term: Bearish. Bearishly Oversold (in line with trend) and under distribution. Short-Interest Trend: Rising, (>5% of Float, 6.35 Days to Cover).

Price Action: Down into earnings. Support/Resistance: S1=$5.74, R1=$7.25. FACTORS: Stock is approaching a support level ($5.74) that if broken would invalidate almost all support areas on the chart for its history. This is highly bearish. The pattern dominating the chart is a large bearish descending triangle which suggests such a break is a real prospect.

The mitigating factor is that expectations for the stock are very low already.Better news could get the stock back to under the current resistance line at $6.89.