I bought yesterday late at 4.55 pre-earnings. I'm out this morning at 4.90, after a one-day 7.5% return. I'll take it. I expected the earnings to be relatively strong. I'm glad to see I was correct. There may be more in the stock as it's at 4.95 as I write. Based on TA, I assumed there'd be resistance around 4.90, hence my order to sell at 4.90. It's taken that out. Now the next leg will be 5/share. On good volume in a decent market, it should breach that level. Beyond that, $5.25 is the upper end for the year. I don't really see it exceeding that, unless we take another run with the techs, an unlikely event the balance of the summer.
I disagree. I think the stock is up because the earnings/profits are solid. They beat expectations on the earnings side, matched revenue expectations. Guided modestly higher, and mentioned that they're landing their first multi-million $ contrac through the BIRT org. The share buyback is gravy. That said, I hope they do sell off, as I'd like to buy back in at 4.50 or so.