Orion Energy OESX oversold into support on news

101 0 1
Orion Energy helps businesses convert to more energy efficient lighting. Their business is growing rapidly in the LED area where they are seeing huge energy savings over fluorescent bulbs.

The recent slide came about from the announcement of a shelf-registration of significant size of $75 million when the market cap was $160 million (with the stock at $8/sh). Orion has made acquisitions before but this large offering of debt and/or equity has scared equity holders.

OESX has solidly growing revenues, mostly through acquisition, and a growing presence in LED with high profit margins in the 31% range (from November company release).

My strategy: I want to buy OESX when it is oversold and exit when it is overbought for the next year or two as they continue to execute on their business plan.

Disclosure: I have no position in OESX.

11:41AM EST 6.25 last, -0.39 or -5.87% Jan 24, 2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out