Analysis on the current state of ORFR
I have been following the stock for over a month now. It came to my attention because IBD had a very positive article about this company.
The stock has experienced some weakness in the last one month, declining from its high $30 to the current price of $21. Short term (15 days) TA indicators show the stock has been oversold; the down trend slowed down together with some weak signs of recover. Friday's drop has broken the minor support recently established about $13, hence the stock may test its historical major support about $18-$19.
Technically, this is not a perfect entry point. We need to see a new support level before we determine a new entry point. However, I do not believe we will do down below $17, the major support formed in August.
The reason I say so is because ORFR's fundamentals are strong. Their products are not commodity. They are of high margined, with strong market demand. Given the limited resources from the third parties, I suggest you visit their Web side
<A href="http://www.orbitfr.com"> </A>
Also, the following is an analyst recommendation from an official sorce:
On August 19, 1997 Pennsylvania Merchant Group analyst Charles Robins issued a 20 page Company Report on ORBIT/FR INC. Report highlights: "The RECOMMEND rating was maintained as upside is expected in the stock price. The 12- to 18-month target price was projected
at $25-30 per share. Earnings are expected to grow at a 30%+ rate over the next several years because the company is successful executing its stated plans and strategy. "
In summary, my analysis told me the botton is near. For the short term traders, you may want to wait for the first day of reboud. For the longer term holders, it is already a buy time. If you are at loss, you should not sell unless there are further surprises.
Since I entered this thread, my predictions have not gone wrong.
Hope I am right this time again.
Good luck |
