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Sabrient Select Opportunity Virtual Portfolio

By Sabrient
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Sabrient Select Opportunity Virtual Portfolio

Buy XRTX

 

The market gave us a gap up bull trap this morning. Some technicians have called a bottom for the year, and this is just testing that bottom. Others are looking at the 50-day moving average crossing down through the 200-day moving average (which the SPY has done intraday today) as the start of a waterfall decline.

 

In any case, XRTX is a well-positioned stock that is showing fantastic value right now and is very oversold. It should find support in this range even if the market sells off further, but should also lead if the market goes higher.

 

Xyratex is a provider of modular enterprise-class data storage solutions and storage process technology.  It carries a STRONG BUY rating in the Sabrient Ratings Algorithm, a Company Outlook rank of a near-perfect 99.9, and a Value Score of 80.

 

I am adding it to the Select Opportunity Virtual Portfolio at a price of $12.30.

  

Best Regards,

  

Scott Martindale
Senior Managing Director
Sabrient Systems, LLC 
SelectOpportunity@sabrient.com

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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