I'll take a stab at the TA on SEG.
First of all, I'll plainly state that my position is long on this stock. I'm averaged at around 29. Been holding a few weeks previous to the last earnings.
Next,
We may stall out here for a few days, probably a max of 5 days if we do stall out at all, and then will continue upward. This is because we need to break the resistance at this level (around 33, give or take) between last May and June. My reading of the charts is that we will hit the 42-44 range within eight weeks. (If you look at charts at all, compare the 1 year chart on CS to the 1 year chart on SEG. The charts are very much the same. Showing support, a run up to earnings, a drop back to the support, and then a runup to the 52 wk high. Other 1 year charts you can compare this to is the one year charts of NVLS, ADTN, & GTW)
Also,
The weekly chart looks great. The RSI(14) is above 50, slow stoch. looks great, and the Ult Oscillator (a new one I have started watching but don't have a huge history with it) has moved above 50, which is good.
Thus my opinion is that we will see 42-44 before next earnings even though we may fall back in the next few days. Sometimes stock rip right through the resistance big time, while other bounce off of it for a few days. I feel it is not worth trying to suck every penny out of the stock as it bounces around at this resistance point. Just hold on for the longer ride.
The fine print: Obviously this is my own opinion -so with it as you wish.
I am long on VECO for nearly the same reasons as above. Though I feel VECO will take longer to rise to it's next peak, it will be a greater percentage gain. If anyone wants to hear my babble on VECO, say so, otherwise I'll spare you.
Mookie |
