Pace Micro(PIC) bucked the trend...

Riz

Experienced member
1,266 5
Up +5 (1.4%) at 374 on friday as other techs were being hammered down...after WestLB Panmure upgraded to them to "buy"...

Interestingly PIC was dragged down by the poor performance of Scientific Atlanta, its chief rival in US. According to WestLB Panmure however the problems at Scientific Atlanta are partly attributable to PIC stealing some of its market share...

Have a look at the chart, looking well oversold with stochastics at the bottom K ticking up to cross over D...RSI, MFI and OBV all ticking up...price turning round to get back over lower BB, BBs widened up indicating possible sharp price movements...

I think PIC is worth to watch next week, might provide a nice up swing...

Riz
(No financial advice intended)
 

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