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Silicon Graphics International Corp. Message Board

  • thetechtraderca thetechtraderca Jul 19, 2013 9:47 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on SGI at TheTechTrader site noting: Silicon Graphics International Corp. (SGI) is another swing trade of ours. We’ve been watching this stock for months now. It dipped down in April, came back up, dipped back down, formed a large wedge, kept testing the trendline, and finally on Thursday, it broke out across key resistance, jumping 1.06, or 6.8%, on nearly 800,000 shares traded. That’s good volume for that stock. At this point, the mid-channel line around 19 is the short-term target, and the longer-term target is around 24-25.

 
SGI
5.79+0.77(+15.34%)12:14 PMEST