After Earnings, #SAIC has proven a baseline around 80$. The markets reaction with a decent move back to earlier levels, can be interpreted as a positive signal to be long here.
Fundamentals also look not bad. Operating Margin, which is around 5% , still has a big room for improvement.
The chart will show that yes earnings were lower than expected, but the future is bright for this company. Investors came to their senses and quickly grabbed back shares. This may indicate a breakout in 2020.
Science Applications International Corp. engages in the provision of technical, engineering, and enterprise information technology services. It offers engineering and integration, analytics, program management, IT modernization, cyber, cloud, and enterprise IT. The company was founded by J. Robert Beyster in 1969 and is headquartered in McLean, VA.
SAIC
