STEC : A breakout above 13.80 places 14.50 as initial target
March 26, 2011 Leave a comment
A breakout at 13.80 should see STEC rally to 14.50 or so, possibly even near the 15 mark. The stock saw volume increase strongly last week, so for those not holding, consider a punt if there is a brief pullback to 13.20 or so, nearer 13 if lucky.
Strong support is now seen from 12.70 to 13, but we doubt it will be retested just yet.
CK ITD and STEC on an hourly comparative chart are moving in tandem, with CK the relative laggard for now.