Still trying to figure out my buy/sell points on this one, but everything seems to be pointing to a rally to $7+ or a test of gap support. Really disappointed with the late day selloff, though we were gonna get another late day push, oh well.
For all I know, it may just hang out in this $5.5 - $6 zone for a while. This stock has exhibited rangebound trading in between earning reports in the past.
We're looking at a trailing P/E of 34 here, but if they continue with their current pace, we're looking at less than 15 forward P/E. So I would expect a huge rally if they meet or beat on their next earnings.
For all I know, it may just hang out in this $5.5 - $6 zone for a while. This stock has exhibited rangebound trading in between earning reports in the past.
We're looking at a trailing P/E of 34 here, but if they continue with their current pace, we're looking at less than 15 forward P/E. So I would expect a huge rally if they meet or beat on their next earnings.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.