STEC : Outlook for Feb 21st
February 20, 2011 Leave a comment
With key support at 12.6 to 12.8, STEC may just find the requisite volume support to rally past the 13.3 resistance in the VST. If so, the immediate target will be 13.7-13.8, then 14.00-14.10.
To turn it bullish on a slightly longer term basis the counter needs a weekly close north of 14, but if it posts a weekly close below 12.80 in the near term, well all bets will be off.