Tuesday, June 5, 2007

QSII follow up


on one of my first posts here i mentioned QSII for a lot of reasons you can read that post HERE
I mentioned that i liked it down in the 40 area, now it is below 40. I am still cautious here as some trendlines have been broken and looks a bit bearish. However on a longer term outlook i found that it seemed to find support around its 200MA as you can see on the chart above. The stock has been rangebound for some time now and is ready to make a big move in one direction or another. They just declared a 25 cent quartery dividend to share holders of record as of the 15th, but the big mover will be earnings this thursday. that will make or break this stock. A good thought might be an options straddle play, however i do have a bullish bias on this stock from the fundamentals.

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