Navarre Corp (NAVR)

Company

"Navarre Corporation (NASDAQ: NAVR) is a leading distributor of propriety and non-propriety home entertainment PC software, music and DVD. The company's customers include a wide spectrum of national and regional retailers. This customer base includes mass merchants, specialty stores, wholesalers, e-tailers. The company operates a business-to-business web site, navarre.com providing product fulfillment to both traditional and e-commerce retailers." (company website)

NAVR stock chart

Buy

5-Aug-05. I decided to jump back into Navarre again, despite an earlier lot that I ended up selling for a modest loss. When the company released earnings, after a delay, they reported record sales and improving margins. The stock price jumped on the news. Perhaps the omens are now more auspicious than they were before.

  • Price momentum (PPO) — sharply up since earnings
  • Trend and buying pressure (ADX) — strengthening, and buying pressure (+DI) now above selling pressure (-DI)
  • Money flow (CMF) — slightly negative
  • Relative strength (RSI) — jumped sharply after earnings, reversing a long steady decline

I hope I haven't jumped the gun on this one. That it managed to fall even more after I bought in is not a good omen.

Sell

loss Bottom line
-9%

12-Sep-05. I concluded that I did jump the gun and put in a stop-loss order that would trigger if NAVR sold below $7.37. The order was triggered today, but NAVR later recovered and closed up for the day. I think I'm better off out of it — there's too much sidewise and not enough upward movement in this chart.

NAVR stock chart
NAVR 1-year chart