STEC - double top on weekly chart

Discussion in 'Stocks' started by snake, May 14, 2009.

  1. snake


    Nice double top on the weekly STEC chart. Or, go back to January, 2007 and draw a nice triple top trend line too.
  2. NoDoji


    STEC is at major resistance, but its 2009 earnings are estimated to be more than 2x 2008. It's P/E ratio is obscene. What kind of growth are investors expecting?

    I think this one's a good short on any rally just for some retracement of the gap and you have the major resistance as a solid stop area in case it breaks out.