Sanmina-SCI Corp (SANM)

Company

"Sanmina-SCI Corporation, the world's Premier Electronics Contract Manufacturer (EMS), serves the fastest growing segments of the $125 billion global EMS market. The Company provides end-to-end manufacturing solutions, delivering unsurpassed quality and support to large OEMs primarily in the automotive, communications, computing, defense and aerospace, industrial and semiconductor systems, medical systems, and multimedia markets. The Company is at the forefront of the industry due to its commitment to leading-edge technology, cost-effective manufacturing and unparalleled customer service." (company website)

SANM stock chart

Buy

7-Jun-05. Sanmina has been in a steep downtrend since December (see sidebar). The trend was broken at the beginning of May and now looks fairly solid.

  • Price momentum (PPO) — steady 1-month increase
  • Trend (ADX) — buying pressure (+DI) increasing for one month, and trend beginning to strengthen again
  • Money flow (CMF) — has gone from negative to positive
  • Relative strength (RSI) — steady increase over past month

Sell

profit Bottom line
+4.5%

23-Jun-05. I've had a stop-loss order in place to protect SANM profits, set to trigger if it traded as low as $5.60. In today's general market sell-off, the order triggered. SANM is still quite a ways from my purchase price and from the 50-day moving average, but its relative strength (RSI) is weakening, money flow (CMF) has slowed, and buying pressure (+DI) has fallen off.

SANM stock chart
SANM 1-year chart