Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Friday, October 21, 2011

SYNA

I have been watching SYNA for quite some time (it is on the earnings list and is in danger of falling off), so while today's breakout was not a huge surprise, the run up before it was. That low it came off of was not a base, it was a 2 year low. To put this into perspective, a 3 year chart shows this well off it's 3 year high from 2008, and it has never really recovered from the crash. It is now at a 52 week high, and may be starting a new growth phase, but it has a lot to do to prove itself. It sure would have been nice to know whatever those guys who started buying it two weeks ago knew.

No comments:

Google Analytics