Zagg, reversal at 52-week high? Or new high?
This company is worth a watch - Zagg, Inc. ZAGG sits in the Fabricated Plastic and Rubber industry. With oil prices rising, we could see higher earnings in the future for this industry.
Over the past 13-weeks, ZAGG has outperformed the S&P by 76 percent, 95 percent YTD. Its weekly chart shows strength and the stock currently trades at 16 with a 52-week high of 17.20. Be careful with this one. We could see a reversal around that 52-week high.
The stock currently sits on daily s/r levels. I wouldn't short if there is a reversal, only because the fundamentals give a long signal.
Its put/call ratio is at 1.05 with an average of .42, suggesting negative sentiment towards this stock. Which is understandable, given how close it is to its 52-week high.
I'm neutral on this one but it is worth watching.
Over the past 13-weeks, ZAGG has outperformed the S&P by 76 percent, 95 percent YTD. Its weekly chart shows strength and the stock currently trades at 16 with a 52-week high of 17.20. Be careful with this one. We could see a reversal around that 52-week high.
The stock currently sits on daily s/r levels. I wouldn't short if there is a reversal, only because the fundamentals give a long signal.
Its put/call ratio is at 1.05 with an average of .42, suggesting negative sentiment towards this stock. Which is understandable, given how close it is to its 52-week high.
I'm neutral on this one but it is worth watching.
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