Stymie - It would take me too long to come to any judgement - not familiar with the company or the industry - Goldman Sachs and Schwab give it their highest ratings; however, analyst consensus as given by Reuters is 'hold'.
There was in one Elliott interpretation. It can be interpreted that there was a long sideways consolidatin that was angled upwards, showing underlying strength to the move. Corrections like that were seen in the Nasdaq in the late 90's. And the charts never did give any sort of sell signal, so why look more deeply if you are already long?
Don't get me wrong - selling was a perfectly reasonable thing to do, given what what was known at the time. As a matter of fact, I sold 25% of my holdings at $38. It's just that you'd think there's be whomping big technical signals before a climb of $9.
Ewave, what are you talking about? Read my post again, I didn't ask anyone to roll over. Stymie challenged to name a stock on fundamental grounds and I obliged. I don't care if you apply TA to SLXA or not, if that's what you're getting at.
Nice try. Everyone misses some. You have the proof......in archived posts. Don't see many misses in there do you? (pssst....IDIX) We are not dogs. We will not roll over when you ask us too. Posting on that stock doesn't matter, it would be wasted time as you will find no value in the analysis.
BTW, most actually combine methods and it does have a name. It is called FAT analysis. Fundamental and Technical. Get it? Find a stock with good fundamentals, use the chart to get in. IBD has made a living on this, check their track record. Having said that, I prefer a chart because it doesn't lie. People do.
well, I guess I should have asked about it, but sometimes I am stuck in a tree with that forest thing happening. I am only vaguely familiar with both. FWIW, no options traded that I see today with them.