Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Chart Check: WIND




Good to see the charts back. Wind River Systems (WIND) looks like it could be a candidate for you. Any thoughts?


Minyan David

Hey there David,

I hope all is well.

As far as the chart on WIND, I guess I'd rate it technically with an "okay not great." It's up again today but honestly not my kind of chart here. There is obviously a HUGE reversal island back in June and July which should be the next point of resistance. That probably means a trading top will be about 15.25 where it could then consolidate for a while. Notice volume is not confirming at this point either.

I looked through the top few names in the group (not direct competitors necessarily just in the same IBD grouping). Micros Systems (MCRS) looks interesting technically and could break higher. Radiant Systems (RADS) broke out yesterday to the upside. PAR Technology Corp. (PTC) looks interesting as well but probably builds a handle.

I don't follow WIND fundamentally but that's what the charts are saying at least to me.

I ran it by Sanjay (who does follow the name) and here was his take: "For those who don't know, keep in mind first that the company reports EPS tonight. I don't like EPS plays unless they are almost like sure things such as (Google (GOOG), Broadcom (BRCM), Marvell Technology Group (MRVL) et al). Having said that they have a history of beating the Street but their EPS numbers are very irregular. Take a look at past four quarters to see what I am talking about: $0.04, $0.07, $0.03, $0.07."

Hope that helps...we'll see how it reacts to the report.



No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos