IT
SAIC approaching first buy levelHere's another one that's close to triggering my buy alert today. SAIC is a government technology contractor and should fare well under a Democrat administration. It pays a nearly 2% dividend, and I estimate forward P/E at 12-13 and forward P/S at about .8. That's an objectively attractive valuation and also leaves about 16% upside to SAIC's median multiple of the last 4 years. Analysts are a little negative on SAIC, with a 4.3/10 rating, but open interest is highly bullish, with a put/call ratio at about 0.25. Upside to the average analyst price target is over 20%.
SAIC is approaching strong support from both a one-year trend line and the 200-day exponential moving average.
ZScaler inside uptrend channel (Watching!)ZS has been behaving well inside the uptrend channel drawn. When we touch the upper part of the channel, we see a pullback to the lower segment line.
RSI analysis suggests, we have difficulty going above the 70 level, however, the chart remains bullish whenever the RSI has been over the 43 RSI. A break below 40 in the RSI would be short-term bearish. -----> conditional Bull
OBV has been trending upwards since the earnings gap-up we had May 29th. -----> Bull
50sma is lining up with the lower channel line, which could work as a support, and a buy entry with low risk.






















