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Skullcandy, Inc. (SKUL) Message Board

  • picker.bottom picker.bottom Nov 14, 2012 11:52 AM Flag

    Onepoint - Your upside target for SKUL?

    I think the broader market should see a bounce to test the 200 dma again. Hopefully, SKUL hit it's seller exhaustion point.

    OP, Presuming that 8.27 was the low, What is your target on the upside? Time frame? (Based purly on the retracement levels)

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    • To be honest I don't give targets as much thought as my downside. I try to focus on NOT LOSING but the top line of my channel crosses about $14.30 at the Ides of March. Just assuming the same slope as the rise from the channel bottom in Jan 2012. I don't have a clue at this point in time if it'll make it.

      Nearer, a 38.2% retracement between 16.75 and 8.27 is $11.51. A 50% retracement between 14.58 and 8.27 is $11.43. The midpoint of the Nov 2nd selling bar is $10.96. The November Pivot S1 is at $11.13. So, what do we have? $10.96 to $11.51. Time frame is tougher; could take 3 to 5 weeks I suppose. 8.27 to $11 is a 33% move, that will work.

      What da ya tink?

 
SKUL
8.34+0.01(+0.12%)Aug 22 4:00 PMEDT

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