Hi,
Ok, OVTI is an major downtrend but it seems that is the end of the first movement..
Technical analysis :
1. Retracement more than 66% of the last uptrend
2. Near support at 15 (Gap)
3. Candlestick : Yesterday a White Spinning Top was formed. This represents complete indecision between the bulls and the bears. Therefore, we have a Piercing Line -> bullish signal
Close at 15.45
target at 19
Stop loss at 14.95
Reward/Risk ratio of 23 / 3.4 = 6.76 > 5 EXCELLENT
Have a good day
got in today. I think this one is a low risk tech stock.
Put this one on your radar. It's now starting a new uptrend .
Earnings to be announced next Thursday Mar.1st I'm expecting a climb up to earnings.
Goodluck trading :)
Thread has been lost for 3 years... :(
November 30, 2010, 5:12 PM ET.Omnivision Jumps: Q2 Beats, Q3 Well Above Estimates...
Shares of digital camera sensor maker Omnivision Technologies (OVTI) are up $1.58, or 5.5%, at $29.85 in late trading after the company beat fiscal Q2 revenue and earnings projections and forecast Q3 above estimates.
Revenue of $239.5 million was up 31%, year over year, in the three months ended in October, the company reported, yielding EPS of 58 cents, excluding some costs. Analysts had been expecting $232 million and 53 cents.
Gross profit jumped to 28% in Q2, the company said, from 26.9% in a year earlier and 24% in Q1, reflecting improved yields in the company's sensor products, it said.
For Q3, Omnivision forecast $230 million to $250 million in revenue, and non-GAAP net income per share of 50 cents to 63 cents per share. Analysts have been looking for $210 million and 41 cents.
Day's Range: 30.60 - 31.29
52wk Range: 12.00 - 31.37
Volume: 1,436,852
Avg Vol (3m): 1,819,600
Market Cap: 1.68B
P/E (ttm): 50.27
EPS (ttm): 0.62
Div & Yield: N/A (N/A)
Technicals
Last Price Quote is:
6.97%above 13-day EMA
17.72%above 50-day EMA
RS Rating: 91
Below are the 6 month, 1 year, 2 year and 3 year charts...