Small Cap Stock Picks Technical Analysis: 7/16/08
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Small Cap Stock Pick:
Heres my long lost friend ????.OB thats treated me very nicely as well has been a bad friend in the past as well. But ive made more money than lost on this undervalued small cap giant. Recently ???? reported preliminary results which sparked the huge rally of over 50% on a substantial increase in volume on July 11th. Today price broke out of its bullish pennant formation which leads me to believe that this stock is setting up for another bullish move at least to $2/share which would be a 17.5% gain which is fairly attractive. Forward earnings place a fair value among its peers of around $5/share so the chance of breaking out above $2/share is certainly a possibility but short term goal is to capitalize on a quick trade to $2 for a solid gain. I want to go long Thursday a 1/2 position.
Technical Analysis:
