Currently sitting just above long term support, a very small $$$$ move could reward with very high %%%% gains.
Indicators are trending higher and bullish.
Expectations are very low so any good news could ignite a rally.
Average analysts price target $15.11 | Hold
Company profile
Sierra Wireless, Inc. engages in the provision of device-to-cloud and networking...
SWIR has now tested the $11.60 price level 6 times, with each tap into support making it more liking for the price action to breakdown below that level. The next level of support is between the $10.8-$11 range for my price target. This is for a potential 6-7% move downward.
$13 acting as a support level for the past 3 years so the next level of resistance for price to test is at $16-17. An even important resistance zone price must test is the gap fill at $20
"Stocks to Buy" is a new series of mine, that will be updated weekly,
that will feature stocks that have exploded to the upside
in a very short period of time, often on materially better earnings than expected.
SWIR Sierra Wireless is up over 30% in the last month,
on much better than expected quarterly earnings and guidance.
The stock's chart is extremely...
Gapped up on earnings but rejected the 26.00 resistance level today with a shooting star candle. Looking for a short under 24.70 (todays low) and if we see under 23.00 level then I predict a gap fill to 20.00ish area
Range set in 2007-2009 ($2.30 - 27.90) was finally broken in 2014 and proceeded to rally to 1.618 fib ~$45 (also high from 2004)
Currently back down at 50% and at the start of the year eroded supportive bull trend line.
Watching price action on dip to get long. Targeting long term rally to 2.618 fib ~$80 (high in 2000)
This long term graph exhibits a cup pattern which will form a handle in a conservative estimate of less than a year. The retracement by the handle, using Fibonacci Retracement, is expected to be in the range of 15.60 to 18. The subsequent retracement should be followed by the rally which will break through the red resistance line at 27.14.
In addition, MACD...
Sierra Wireless, Inc. engages in the provision of device-to-cloud and networking solutions. It operates through the following segments: Original Equipment Manufacturers (OEM) Solutions; Enterprise Solutions; and Internet-of-Things Services (IoT). The OEM Solutions segment includes standards-based wireless technologies and support open source initiatives that enable OEMs and system integrators to get IoT solutions to market faster. The Enterprise Solutions segment focuses in networking solutions comprised of cellular gateways and routers that are complemented by cloud-based services and on-premise software for secure device and network management. The Internet-of-Things Services segment involves in digital transformation of enterprises through IoT cloud and connectivity services. The company was founded on May 31, 1993 and is headquartered in Richmond, Canada.
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SWIR
