DAKT Ascending Triangle Breakout
By Johns Wu on Aug 15, 2006
DAKT, Daktronics Inc., stock looks ripe for trading as it breaks out of an ascending triangle consolidation range.
This stock looks like it is on FIRE. Keep it on your stock trading watchlists.
7 Responses to “DAKT Ascending Triangle Breakout”
Too bad earnings are this morning. It will likely either be too high to buy or too low to want to buy.
Hi All !!
Big drop in the pre-market today after reported earnings -30% !!!
AC
Ha ha ha!
So much for your much vaunted technical analysis. Ascending triangle indeed! Whole market up, DAKT down! Analyse that!
this was a tough one to trade. always know when earnings come out
Every disciplined trader knows it’s dangerous to gamble with earnings no matter how good the patterns are. Josh, FYI: TA is just for some probability boost in order to give you a good reason to take the position. No matter how good the patterns, ANYTHING can happen. Especially when big fundamental events are soon to occur - these invalidate all patterns and it’s better to look for a different opportunity. TA works, but only if you concentrate on risk and managing it. So screaming out loud about TA being BS shows your incompetence at it’s entirety - no offense.
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we believe DAKT presents a compelling pure play on electronic scoreboards and large screen video displays…Increased adoption of LED technology and highr selling to midsize universities should result in higher earnings visibility in 06-07. We rate the stock a buy.