SLP has a 98 rating on IBD and is in group 42.
Reasons why I like it:
- Relatively small float/mkt cap - giving it more possibility to move higher with buying
- 33% mgmt owned - run by people invested in the company, not just "care takers"
- Avg 3yr quarterly EPS 111%
- 3yr EPS growth 232%
- 3yr sales growth 43%
- Change in funds owning stock 8%
- Quarters of...
After an 8 week sideways range, perhaps could see an upward breakout: around the 11.65 - 11.75 area >> but definitely would need above average volume to confirm this. And also, should move above EMA50. Lets see how it goes :)
Already placed a buy order at 73.78, then cancelled because there was too little volume - around 40% less than usual. The general market is up after a few down days, however there's still more new lows than highs.
Think I'll just stay out for now..