Dead Money No More?
As the “old tech” trade seems to be working as seen by the likes of JNPR HPQ and DELL to name a few there may be another one looking to join the party. Of course, there are exceptions to the rule witnessed by the weak action in EBAY now 28% off its most recent 52-week highs. TER can be thrown into that conversation following its recent slide the last two weeks alone that has shaved off one-third of the stock’s value. Below is the chart where sentiment still seems to be washed out, and most long shareholders are probably fearful to admit they have a position. Going forward that very likely will not be the case as it looks like this dinosaur is coming back to life in a real way. The stock is higher 7 of the last 9 weeks and most impressive was last week’s bullish engulfing candle that rose 4% in the second-largest WEEKLY volume in the last one year period. This name is displayed good technical action with a nice dividend yield of 4.8% to boot.