Symmetricom (SYMM)

Company

"Symmetricom is the world leader in generation, synchronization and distribution of precise time and frequency signals. 20,000 kilometers over the earth, Symmetricom products are at work, providing the precise time, frequency and synchronization signals required by a network of GPS satellites. Around the globe, the international timescale is set to sub atomic precision using Symmetricom frequency reference. Our timing solutions are critical to radio navigation in coastal waters, deployment of missiles, the seamless delivery of voice, data, and video across telecom and cable networks, and uninterrupted availability of power to millions." (company website)

symm(2-1)
SYMM 4-month chart
symm(2-1)_1yr
SYMM 1-year chart

Buy

7 April 2007. Bought 500 at $6.17.

SYMM got a big boost from a big earnings surprise in February and has pulled back to the 50-day moving average after peaking in early March. I see a symmetrical triangle forming in the chart and expect a breakout.

  • Percentage price oscillator (PPO) — just crossed sharply above the signal line
  • Volume — a mixed picture: several higher-than-normal down-days, but fairly consistent up-days

Based on technical analysis, MarketEdge calls SYMM a "hold" and notes "mildly deteriorating conditions."

Sell

gain Bottom line
-0.5%

14 April 2010. Sold 500 at $6.15.

Although SYMM is comming off the 50-day moving average, although SYMM's PPO line is skating along just above the signal line, although there is an alluring triangle formation going on in the chart, I nevertheless decided to close the position today with a tiny loss. Volumes are still very light, and SYMM tends to open well but then fade as the session goes on. In a word, it's not going me any reason to hold on.