SEACSeaChange International Inc (NASDAQ:SEAC) Here is a good example of total overreaction in this small cap environment. This company closed an offering just a few weeks ago at $1.85, which was above the five-day average closing price of $1.26, something impressive for a small cap stock, demonstrating a tremendous investor interest. There is no way this stock should be trading at $1.03 and current prices could qualify as the bargain of a lifetime. Another reason that we might have seen the bottom now is the fact that the stock printed a large bullish hammer candlestick yesterday on the daily chart. Plus, the accumulation/distribution line remains at high levels, meaning that the strong hands are holding not selling. I know that is a lot to chew on, but to sum it up, I believe SEAC is a bargain at these prices.
SEAC
SEAC Breakout watch IMO ---- Just going off trend and channels looks like it has potential to break weekly (50) MA @ 2.92, Daily (50) MA @ 3.00, the current uptrend channel resistance at 3.12ish, and then the daily (200) MA @ 3.21, from there think we battle around $3.50 before going to test long term channel resistance near $5. --- Weekly (200) MA support at $2.61. --- Current Price $2.88 ---- Stop Loss at $2.6 - (-10.7%), Sell Limit $3.48 - (20.8%), Sell Limit $4.97 - (72.5%)
SEAC - Bullish Trend - Crucial Zone Before Another Big PushSeaChange International, Inc. engages in the provision of transformative multiscreen video delivery and advertising solutions. Its products and services include video platform, content management, advertising, user experience, and professional services, maintenance and support. It sells its products to operators, telecommunications companies, satellite operators, and broadcasters. The company was founded by William C. Styslinger III on July 9, 1993 and is headquartered in Acton, MA.
P/E Current
-2.18
P/E Ratio (with extraordinary items)
-2.46
SHORT INTEREST
420.02K 08/15/19
