The stock was up 1% today on low volume of 19.2K (Average daily is 28K), but not bad considering the holiday.<g>
On its favor is that the insiders hold 31% and institutions, which hold almost 50%,have reportedly being buying in spite of it showing a drop in revenues of 5% and a net loss of $2.2 M for the year ended June 29.
However, on the last Q report, the earnings were back on the black column at $0.05 and they have $2 in cash/share.
The question now is how they will perform on the near term. First the stock has to close above the October 7 H of 5.13 before it can test the resistance at 5.20 and 5.40 levels and then the August 30 H at 5.84. The June 25 H was 6.25
The data on P,S,M,L on its daily chart at present is:
5.05, 4.84, 4.64 and 4.69 (As you can see only the L is above the M, otherwise the others are on the right sequence.<g>)
siliconinvestor.com
On improving earnings, the stock could get to the 9 or 10 area in the next year, for a 100% gain from present levels.
siliconinvestor.com
RAGL
Bernard |
