Alex Vieira Calls ACIA Communications Cisco BuyoutACIA Strong Buy new Alex Vieira idea for 2019. He called more than 95% of Wall Street buyouts in the past 5 years
ACIA
$ACIA Do or DieACIA is consolidating since April with a series of higher lows since July. If it breaks the trendline for higher lows, it will lose momentum and go down fast. However, if it holds this spot and reverses it should break the $50 barrier.
ACIA P/L 1.42 4h chartPoised to go higher (fundamentals), 87.62 could become the new price floor for acacia
Neutral To Sell On AcaciaAcacia has pretty good numbers. Solid Revenue bump up in profits in 2015. Not sure why this looks like distribution, however we have seen a lot of stocks go this way, so better safe than sorry. I wouldn't say short this but I certainly won't buy it until I see a solid sign of strength. Although I have to ask, when did the public get a good go at this stock? Looks like all operator business to me.
ACIA nearing the breakout zoneACIA is forming a flag pattern, going to see if it can get some legs and breakout over the zone tomorrow!
