ANDW - Should Reverse Soon!
ANDW is a company with a 17.89 P/E and 13.5% growth rate. It appears
ANDW rebounded off the recent 52-week low.
NASDAQ: (ANDW : $15 13/16) $1,426 million Market Cap at October 26,
1998 Trades at a 36% Discount PE Multiple of 13.5 X, vs. the 21.0 X
average multiple at which the Communications Equipment SubIndustry is
priced.
ANDW has tagged the upper BB and the RSI is the range of previous
price pull backs and reversal.
askresearch.com
Short interest build up did contributed to the price decay from April
through August before the reversal. It does seem like a short squeeze
took place and should wear off soon!
Month Shares Short Avg Daily Volume Ratio* Remark
1 ANDW Andrew Corporation
09/98 2,100,804 613,369 3.43
08/98 2,156,214 564,956 3.82
07/98 1,967,388 565,785 3.48
06/98 1,957,004 550,475 3.56
05/98 1,811,540 644,394 2.81
04/98 1,982,230 1,231,278 1.61
There is some insider selling taking place in Sept. by CEOs.
biz.yahoo.com
Considering that the earning release just came out and the stock has
not tested the 52-week low I see more sideways to pull back is more
probable. And, the technical charts with the BB and RSI confirm that. |
