I purchased 58 shares of eGain today at an average of 7.68. Expecting it to break $9.0 by Q3 2020.
This company is undervalued. As a beginner trader, I am not able to articulate the technicals that can back this up but I am using this post so that I can review my pick down the road.
I completed research using the following resources:
" The 4 analysts offering...
EGAN reported second-quarter fiscal 2019 adjusted earnings of 8 cents per share that comfortably beat the Zacks Consensus Estimate by 7 cents.
The figure also came well above the year-ago quarter’s adjusted earnings of 2 cents.
Revenues of $16.68 million increased 8.3% from the year-ago quarter per revenue recognition standard 605.
The figure increased 15%...
Earnings report wasn't that bad really, just disappointing. The stock was already up 1000% at one point, and Bank Of Montreal owned 30% of the shares back in December 2017.
I initially flirted with the idea of buying on Monday, or near the 78% line near the March/April consolidation area for $8.00ish, but decided against it due to the extent of the sell off. ...
EGAN looks to be breaking out already from this small pullback but the EMA 3 crossed the EMA 8 and the modified MACD crossed nicely into the green. Missed a nice 6.12% day move not finding this yesterday but could be much more coming. RSI 5 crossed RSI 10 as well. 3/3 indicators green light this. Will enter at a pullback tomorrow likely