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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Rawnoc who wrote (1277)10/3/2009 12:09:56 AM
From: Jibacoa   of 1404
 
SEED has closed its Sep 17 UG.

bigcharts.marketwatch.com

Revenues have been lower in the last 2Q and earnings for the 6 months are $0.09 ahead of last Yr. However,if estimates are correct,things aren't going to be good in the pending 2Qs, since its expected that the loss for the Yr. will be only $0.02 less ($0.24 vs. $0.26)It is expected that it will show better results in 2010 when earnings are projected at $0.45 on the black.<g>

It has now resistance from the $5 to the $5.25 level before it can get above the gap and then at the $5.90 to the $6.45 level.

If you draw a line from the tops on its longer term chart, you can notice that the stock is not off from the DT coming from the Jan 2006 H and the Oct 2007 spike.<g>

bigcharts.marketwatch.com

It seems better to wait for the results of the pending 2Qs.

Bernard
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