CELL. Forget the Forest for a few minutes and look at the tree.
Great past potential here. Looks like they continue to sign clients & business, despite fundamental woes. All the analysts bailed when CELL put out earnings warnings. Looks like they pulled all their clients shares, too, cutting the price more than 50%. Something about international exposure. My perspective says that's vanishing. Brazil has been making steady improvements. Look at their prime rate. CELL has building exposure in Brazil. Other world economies are slowly starting to recover also. I don't think international exposure should vex CELL beyond year's end. The bad news has been out and the stock has done close to nothing off their 52W low, while the company itself has continued to grow.
The momentum side of the charts look very good on this one now. Watch for early volume. Probably a gap up. Not to worry. It should continue to run, maybe encountering resistance between $7.5 - 8...where it stopped 2x recently. Watch the 5 Day chart quote.yahoo.com for a compromise to the bottom, for an exit, but expect volatility too :o)...yeah, I know...pretty funny. It's pushing the BBands, and also above the 50DMA for the first time in 8 months. The O's are kinda high, but hot, and still a day or two away from maxxing out.
Yahoo is busy, but SI is very slow. No posts on the TA threads I was looking for, but that's not all that bad a sign...read my first line, above, again.
If news comes out, I'd even be tempted to buy into it, as the upside on this is proven. It's a big gap, but a fickle crowd in a hot sector.
Can I get more bullish? For not knowing the stock/company very well...no :o)
I'll be buying some in the morning. It's a NASDAQ, so so any gain can be covered w/the 'ol stop loss. |
