|Day Low/High||13.07 / 13.27|
|52 Wk Low/High||13.01 / 21.35|
We added another new position to the portfolio during a week where a weak jobs report and declining GDP forecasts weighed on markets.
We added to 2 positions during a volatile last week of the quarter, but still have ample cash for the seasonally strongest time of the year.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
We'll take advantage of the earnings report-related decline to improve our cost basis.
CalAmp (CAMP) reported lower-than-expected revenue for the fiscal 2017 second quarter and downbeat guidance late yesterday.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in CalAmp Corp , where a total of 4,069 contracts have traded so far, representing approximately 406,900 underlying shares. That amounts to about 126.8% of CAMP's average daily trading volume over the past month of 320,860 shares.
These heavily shorted stocks could get squeezed much higher if they report positive earnings this week.
Our buying spree continues as we added to 4 positions last week amid a Fed-induced rise in the S&P.
In trading on Friday, shares of CalAmp Corp crossed above their 200 day moving average of $16.28, changing hands as high as $16.35 per share. CalAmp Corp shares are currently trading down about 0.2% on the day.
We took advantage of several opportunities over the last week to scale into positions and improve our cost basis.
In a week where volatility finally returned on Friday, we initiated a new position, added to an existing holding and bolstered the Bullpen.
The story we will be focusing on is the net margin outlook over the coming quarters.
New Mobile Data Terminal Provides Powerful Platform for Vehicle Centered Applications
We continue to add names to the portfolio and will look for further buys heading deeper into a historically weak month for the market.
Independent Testing of ICN Using the International Insurance Industry Crash Standard Validates System's Automatic Crash Reporting Performance and Reliability
A majority of the portfolio's holdings outperformed the S&P 500 during a largely quiet week highlighted by Janet Yellen's speech.
We continued to add to the portfolio last week, bringing AMN Healthcare in from the Bullpen amid lazy late-summer trading.
All but two of the portfolio positions outperformed the S&P 500 last week.
Investors eyeing a purchase of CalAmp Corp shares, but cautious about paying the going market price of $15.43/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the March 2017 put at the $12.50 strike, which has a bid at the time of this writing of 65 cents.
We initiated a position in CalAmp last week as June-quarter earnings season winds down.
Growth Seeker adds CalAmp to its portfolio; Action Alerts PLUS lauds Procter & Gamble.
CalAmp makes a compelling purchase in light of its upside potential.
Here's a look at major tech stories in the news.
Trade-Ideas LLC identified CalAmp (CAMP) as a strong on high relative volume candidate
Stocks of these resilient connectivity franchises deserve a look.
We are always on the lookout for ways to play good trends with under-the-radar companies. Nortek was one of them. Here are others.