Smith Micro Software (SMSI)

Company

"Smith Micro Software, Inc., develops and markets mobile software products and services and an extensive line of PC software products for business & home markets. Bringing together innovative solutions from mobile connectivity to managing media content mobility to advancing mobile software management, Smith Micro products enrich the experience people have with their computer systems, mobile devices and wireless networks. Our knowledge spans 25 years of design, creation and engineering for hardware and software products, and we have shipped over 100 million copies of our QuickLink family of products to our customers worldwide." (company website)

smsi(2-1)
SMSI 4-month chart
smsi(2-1)_1yr
SMSI 1-year chart

Buy

15 April 2010. Bought 500 SMSI at $8.92.

SMSI has been following an upward support line for quite some time and has just touched up with the 50-day moving average. It got a big boost from an earnings surprise in February when it beat handily Expectations.

  • Percentage price oscillator (PPO) — just below the signal line, poised to cross above
  • Volume — jump after earnings on very heavy volume, tapering off sinced then during consolidation

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

Sell

gain Bottom line
12%

30 April 2010. Sold 500 SMSI at $9.98.

SMSI had a nice run-up after I bought, and the sell-off today triggered my stop-loss order, closing out the position with a nice profit.