I've been following this one for about a year, and trading in and out of it during that time. Been doing very well, and it is a solid company.
Anyway, some things caught my attention recently. Bring up the chart and bring up a 200-day moving average as well as some bollinger bands. Also make sure you have the RSI handy.
Anyway, it just snuck below it's 200-day moving average, and is starting to bounce back up. RSI almost hit 30, it is oversold right now. It's support level is around 15.50 or so... it has just bounced up from that. Lastly, it has just touched it's lower bollinger band and beginning to move upward.
I would keep a close eye on this. From what I've seen in the past from this one, this will bounce back to around 18-19. And if some good news comes out about it's new chips or pre-christmas sales, it may continue it's way to the 25.00 or so area again.
Do your own DD, but I really think this is a very good entry point
It will do better running up towards the holidays, as there will be a lot of new computer sales as well as individual card sales. But not getting in now or very soon will just diminish your return.
As you can see, as I mentioned early this week is that it both hit it's support level as well as hit the bottom bollinger band. The stock would not go any lower unless some devestating news came out about the company. But as it stands, the stock, technically speaking could not go lower.
As a result, it has rebounded over $1.00 or almost 10% in price since it hit these two short-term trend reversal patterns a few days ago.
The stock is still oversold, but is quickly starting to change this as well. People are beginning to buy and as a result, we're looking at another 10% week IMO. So getting in earlier is going to be much more profitable than later.
Again, I'm not pressuring anyone to buy based on my decions alone, I am just discussing my findings on a stock I have been following and investing in for almost a year. Look for it to slowly and steadily climb to the near 20 dollar mark during the month of october. Depending on earnings and other sales figures that may come out this month, it could break the $21.47 resistance level, and if it does, expect it to run up to $25 or so up until Christmas.
Disclaimer: I currently do not hold any of this stock at this time. I am just providing good information and some technical analysis for others to help make an investment decision.