In my opinion, one of the reasons the stock is sitting here is change of mngt, the guys that are out - are getting out if you're look at the insider sales, but sitting at 1B mkt cap will not last long. Either a news item, or even a take over may bring the stock to 25 range. there is a conference coming up with institutional investors at Jeffries, Quality Systems should be able to attract new money to take it up from this trading range.
Still looking for the entry point, hopefully a bit more weakness comes in shortly....
good luck longs...;)
I agree it's been stuck in this $17-$19 range for too long, although it got there for some good reasons. So is this your breakout starting today? No news that I see.
It does seem we're past the point where QSII should get a little more respect from the market. Since the end of last summer it can't get above the mid-19's without getting slapped back down. About time to see it back in the mid-20's - although actual news and/or positive earnings surprise would be nice.
Went long on a dip today..... looking for upward action. Qsii seems to have a pretty strong support at these levels.. I have a feeling some news is brewing to break out of this trading range. I see an easy 24- 25 technically.