I'm not sure anyone on G&K wants me to chime in with t.a. but it is enormously helpful to me (as learned from Teresa Lo)--price, volume, and charts do reflect psychology, support, and really give one a context that I find invaluable.
Anyway, we discussed it in her class on Saturday. I can't give access to the actual chart here, as its for subscribers, but it was in pretty good shape compared to others (such as qcom). It had steadily climbed from about the 17 $ range, mostly remaining above its 20 EMA *moving average*. This is fairly important because it shows the moving average is support; when you start dipping below it with spikes, most likely it's going to become resistance, that means at the very least short-term weakness. At the time we looked, the most recent trading range gave us a low of about 31.79 and a high just above 35.
All that is to say--valuation of any stock in any market is really up to the market, and the chart reflects the general consensus that siebel is okay at these levels. So I'd go with Uncle Frank that, relatively speaking, it's a reasonable buy considering the end of its 4th quarter--although one has to wait for Mike to analyze it all, I'm sure. :-)
By the way, I don't own any. |
