Magal Security Systems (MAGS) Message Board
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MAGS Came Back:
MAGS went down to $7.40 at its low on Friday. It then rebounded to close at $8.15 This is a strong signal that MAGS will continue moving up again after some profit taking.
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Keep in mind that the A/D rank is not "real-time". Therefore, you can't simply look at the rating. You must look at the recent trading volume. Looking at that, it appears as though the institutions are unloading. As a side note, without looking closely at earnings, it does appear as though they were pretty weak (probably explains the drop).
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Earnings growth is the key. Where is the earnings growth? You say it will come later? Well the the stock appreciation should come later. MAGS will imo probably need to decline to about $4 to be able to provide the later stock price appreciation.
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IBD Still has MAGS with an "A" A/D rank. So someone is still buying. BTW, the other IBD numbers for mags are SUPER.
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Imo MAGS will go lower. Will mags go below $5?
- 2 Replies to stillagile
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More deterioration. How low will MAGS go?
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there will be a nice bounce in here if u care to play it,, will start buying in the Mid 6's ,, enjoy,,
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