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AudioCodes Ltd. (AUDC) Message Board

  • made4this made4this Feb 14, 2013 12:30 PM Flag

    Is the run over?

    Or should we buy?

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    • RSI is a tad high at the moment @ 70. With that said, I wouldn't say the run is officially over, I believe the stock had to trend mildly up/down, moreso evenly over the next two weeks before bouncing for higher-highs.

      I wouldn't exactly sell here unless you can make a quick buck in something else over the next 5-10 trading days.

      Uptrend is undeniably continuing here. The 50/day is currently pegged at $3.53 (on the daily as of today). Last Friday, the 50/day was pegged at $3.35, so we're trending higher about 4-5 cents a day on the 50/day base. Another two weeks, ten trading days, the 50/day should be pegged around $4.00-$4.10. If the stock is still around $4.50, it will surely head higher if the markets are in still in bullish favor.

      You can pretty much say the trend is your friend (50/day) with AudioCodes. Until the trend breaks, then it might be time to reconsider. I traded AFFY and RAD gains for shares in AudioCodes. AFFY's trend broke down at $23 and the stock hit $11 as a low today near a month later.

      Stay with the trend, based with the action from the APKT buyout and SONS, etc...AudioCodes should be trading at around $8-$12 or so if based on fair value.

      I think we'll slowly creep to $8 a share, however it will take some news or positive earnings (maybe a buyout) to push it further.

      Easy double here for now.

      • 1 Reply to eurotyle
      • We've been trading about 15% higher than the 50/day average on this run.

        Right now, we've about 25% higher that the 50/day.

        Either the stock trades lower slightly or the 50/day catches up. I see the 50/day catching up (increasing 4-5 cents a day) until it becomes aligned with the 15% premium again.

        Uptrend should continue in about 7-15 trading days.

 
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