SMART Modular Technologies (SMOD)

Company

"SMART Modular Technologies, is a leading independent designer, manufacturer and supplier of value added subsystems to original equipment manufacturers (OEMs). Our subsystem products include memory modules, embedded computing subsystems and thin film transistor - liquid crystal display (TFT-LCD), products which we offer to customers worldwide. Our success is derived from a customer-focused approach characterized by a commitment to quality, advanced technical expertise, fast time-to-market, build-to-order flexibility and high quality customer service." (company website)

smod(1-1)
SMOD 4-month chart
smod(1-1)_1yr
SMOD 1-year chart

Buy

14 January 2010. Bought 500 at $7.37.

SMOD's 50-day average began climbing more steeply in mid-December after beating Expectations by a penny.

  • Percentage price oscillator (PPO) — closely following signal line
  • Volume — obvious increase following earnings

Based on technical analysis, MarketEdge calls SMOD a "buy" in a "strong upward trend."

Sell

gain Bottom line
-5%

22 January 2010. Sold 500 at $7.02.

Despite what is still a very promising long-range chart, SMOD hit the skids on Friday. The overall market downdraft was just too strong. I suspect that it will now fall back close to the 50-day moving average before another upswing.