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mwav has a very small float and is at 1.30 currently, just ran from this level upto 2.80 a couple of weeks ago on great earnings and is ready to move up again:
hammer reversal: http://stockcharts.com/def/servlet/SC.web?c=mwav,uu[m,a
Statement from CEO
"When M-WAVE was founded in 1988, we focused on being a world class
manufacturer of high performance printed circuits. Today, we are recognized
as the leader and innovator in printed circuit technology. Keeping pace with
today's dynamic markets, we are constantly evolving to meet the needs of
tomorrow, today. We understand your technical challenges and believe the
answer is PCB Supply Chain Management.
We call this simply, Virtual Manufacturing. By assembling the best Global
Manufacturing Partners in the world, we tap into the quality and capacity to
meet all of your PCB needs. Whether that need be quick turn prototypes or
high volume production, digital or microwave frequencies, as your partner,
we make buying printed circuit boards a science.
M-WAVE, the only name you need to know."
Joseph A. Turek
Chairman and CEO
Wow, this looks like another company on the leading edge of it's technology.
"With over 8 patents serving the high tech communications industry and with extensive experience
in high performance materials."
Their balance sheet isn't that compelling.
+119 52-week change.
Chartwise, trading below it's 13 day moving average.
MACD Blue line above the Red line. Would wait til the two start to converge, that
would signal a slowing of downward momentum. Ideally, if one like a stock long
term, the best time to enter is when a stock is channelling along the bottom
of the MACD/MACD Histogram as it starts to reverse course.
At these levels, it's probable that one should see an upward spike at some point .
Will continue to research this company,