With the significant 2-day decline on high volume, combined with the breach of the often-tested $53 area of support, NASDAQ:SBUX seems to have begun a major reversal.
In the absence of any positive news in the near future, I see a continuation of the downtrend towards the next support level of about $43.70.
With the current 2-day high-percentage decline on significant volume, combined with the breach of the often-tested support level of ~$53, NASDAQ:SBUX seems to be at the beginning stages of a major correction.
In the absence of some positive news in the near future, I see the next major support area to be near $43.70.
Mellanox NASDAQ:MLNX is rated a Strong Buy due to the recent string of positive earnings estimate revisions to the upside. Over the last 30 days, five analysts have increased their estimates for the current quarter and current year. The bullish revisions portend a positive movement in the stock price. The current year number has shot up from $3.17 just ninety days...
Universal Display, despite crushing Wall Street's targets in the fourth quarter took a dive due to an outlook for modest growth projections for the new fiscal year.
I see this as an opportunity for a purchase into a good company trading at an attractive discount. The market for light-emitting diode screens, however cyclical, will continue to grow in leaps and...