Not only that - the "weekly close" price has broken above the 50-day Moving average for the 1st time since November 2000.
...and in the last few weeks it has twice found support on this same trend line before rebounding higher.
Unfortunately, I am no graphics whiz and I cannot paste a copy of the eTrade graph to show you.
I believe the trend has changed and - barring any adverse news - this will continue to strengthen in coming months. If you check their August results you will notice a very clean balance sheet.
The company has not been w/o its problems over the last 12 months but despite some mistakes (coupled with the economic downturn in web-security spending) the management team is at least honest & credible.
I hold SNX and have added a further 25% to my holding in recent days.
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Not only that - the "weekly close" price has broken above the...
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Last
5.3¢ |
Change
0.012(29.3%) |
Mkt cap ! $5.656M |
Open | High | Low | Value | Volume |
4.7¢ | 5.4¢ | 4.7¢ | $69.09K | 1.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38461 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 60430 | 2 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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SNX (ASX) Chart |