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Registered User
Joined: 1/21/2005
Posts: 22
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Below is the chart for EXTR. It has been bouncing in a lateral channel since April, with TSV trending up since the same time. Today it's up near the upper resistance level, and is staying firm. In fact earlier it reached 4.71 and went down to 4.60, but its back up. I believe a close watch should be kept on this one, as it has not only broken above its 40 day EMA for the first time since the downtrend began in March, but TSV has cleared the zero line and is at a high.
I'm still not ruling out another bounce off the resistance, but if it breaks, this stock has some upside.
Lets see what happens
Rahil
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Administration
Joined: 9/30/2004
Posts: 9,187
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I'd suggest reducing your capture size to 800x550 pixels. That's what we use and the size seems to work out pretty well no matter what resolution the viewer is using.
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 Gold Customer
Joined: 12/19/2004
Posts: 108
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Can anyone tell me how to show charts like the one above and post it on these threads? I'd always wanted to know how members could post charts on here?
Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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jjhart52,
You may want to read the following topic:
Attn: usertm, re posting telechart charts....
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/21/2005
Posts: 22
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Yesterday was a good day for this stock. It seems to have broken above the resistance level on well above average volume like i predicted. TSV is extremely strong as well.
Monday might be the day to go long.
Rahil
(PS StockGuy if I make the chart smaller, it gets less clear, hence I chose this size)
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Registered User
Joined: 5/17/2005
Posts: 221
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rahil .... nice chart .... thanks for the heads up ....not only a break out through the resistance line on good volume...but also a hit and run trading expansion breakout set up . This stock has a really good risk / reward ratio also with the down side being 4.25 and the upside being 6.25 ....
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Gold Customer
Joined: 5/4/2005
Posts: 74
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rahil:
Not sure what your trade style (duration) is. I you're short term ... all the technical indicators look bullish. However, be advised ... EXTR has a P/E of 40, reported earnings disappointment at the last report and is in serious debt. The next earnings report is on 8/3 ...if EXTR disappoints again ... downgrades will abound and the stock will dive .... like off a cliff. IF EXTR comes in with a positive earnings surprise .... the stock MAY rocket. Roll the dice or close your position B4 8/3.
regards,
markacz
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Registered User
Joined: 1/21/2005
Posts: 22
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I understand that there have been previous earnings disappointments, however I believe that anything in the past is always taken into account by the chart. As for the future announcement, that is my concern as well...however I would be looking to close my trade before the announcement
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Gold Customer
Joined: 5/4/2005
Posts: 74
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rahil:
You're right ... the prior negative earnings surprise is most likely built into the price. But it won't be overlooked if EXTR disappoints again. My reference to the past earnings disappointment was not intended to suggest that it will influence the short term performance but the degree of punishment dealt by the downgrades for having negative earnings surprise twice in a row.
Good Luck. Let me know how it turns out.
markacz
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