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Cray Inc. Message Board

  • djhmk2 djhmk2 May 4, 2013 10:57 AM Flag

    Cray is oversold at RSI 25 to 28 on Friday

    I am buying more as of Friday & going forward into next week. CRAY is quite oversold & will not remain in this oversold RSI status. It may,however, take 6-10 weeks to get back to normal as the chart history reads. Unfortunately the market does not understand these lumpy quarterly reports and that makes for a great buying opportunity. CRAY has set guidance for 45% of its revenue to come in the fourth quarter & overall yearly guidance remains unchanged. On a GAAP basis CRAY exceeded it Q1 guidance but has tanked too far down.
    Good luck to the CRAY longs.
    DJ

 
CRAY
28.77-0.76(-2.57%)Mar 27 4:00 PMEDT