At $58.16 (3 October 2017) I think the shares are getting ready for another push - the sellers seem to have been cleared out, interesting times ahead?
@ $57.42 this a crucial time as the short term support line has been broken. However, this could be just a short term dip.
Since the sharp pullback towards the end of last month the shares have just kept on rising! I tend not to invest heavily in companies which are dependent on one major customer as there is greater risk. For those brave enough to jump onboard I have a feeling it will be a volatile journey!
Informed trader recently sold some shares:- https://www.gurufocus.com/news/1045...mark-andrew-sherman-sold-15-million-of-shares The CEO has also sold a bit of stock recently.
Not a badly timed sale by some of the company’s directors! However, the fact was the shares were pushed to levels which would appear to have taken a lot for granted. Can you blame them for reducing their large holdings? No.
Wow that is one hell of a drop - over done? Then again stick a pin in the tech sector and you could say the same about hundreds of other shares. There will be some bargains at some point!
