1. Despite capex spending downturn, existing F/O networks need maintenence, performance testing etc. 2. Decent earnings report. 3. 20% Q/Q institutional buying. 4. Recent insider buying. 5. Good chart-price, MACD, stochastics up. 6. Great volume last few days without news. 7. Recent acquisition demonstrates management's growth vision. 8. NAS is bullish and money will leave money markets soon. 9. Impending economic stimulus package. 10. Where the hell else do you put your money these days?
Xray doctor, you are absolutely right. All technicals look great. Also, fundamentally it seems like a good company. Next level of resistance I can see is around 16.50, which was the turning point on august 2. The volume is just phenomenal last few days, just about 500% of average daily. How you explain that?