Sunday, May 07, 2006

Click Commerce rebound?

One of my favorite young companies, Click Commerce, is announcing earnings this week. The stock, in my opinion, is significantly undervalued from a fundamental standpoint. The have grown earnings consistently over the last 2 years and have established themselves as a powerful name in RFID technology (check out the client listing at www.clickcommerce.com). Earnings have tended to be on the high side of expectations; however, the stock has sold off since early February. I'm thinking earnings could be on the high side again, and with the recent sell off, this presents a potentially nice buying point. From a technical standpoint the stock is trading below its 50 day MA. I'd like to see it break through that prior to earnings to give it some technical strength. I'll keep track of this one; buypoint is friday's close of $22.57. Keep a nice tight 7.5% stop loss on it.
Gold had another strong week. The pullback is coming, more when then if. I'm waiting for another entry point. I'd love to load up on some more USGL at an RSI below 50. Looking forward to the discussion at the FOMC on Wednesday.

1 Comments:

Blogger Brian P. Egan said...

Looks like the market tried to hit CKCM after the earnings release my tight stop hit. No pain, no gain. This could be a steal after a broad market pull back.

12:45 PM  

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