Buying WYY todayI will be buying WidePoint Corporation today as it looks like a great R/R trade. Loving the price action here and fundamentals are strong.
WYY
WYY UpdateComing off strong earnings, this one has had quite a moment in the sun with over 100% gains this spring. I think this one needs some time to find stability and retrace to the Daily 150 EMA.
Decisions, DecisionsWYY has responded well to the direction of breakouts on the triangles posted below. Today, they've started the day above the trend. We should know by the end of the week if we've got a false breakout or if we're on for a big leg up.
Do not take as financial advice, this is merely for review and observation.
WYY Bullish Divergence On Daily WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. The Company offers telecom management services, which include life cycle management of fixed and mobile assets; mobile security management services, which include life cycle fixed and mobile device access and application control management; identity management services, which include life cycle fixed and mobile, including cloud-based services authentication and information assurance services, and identity services, which include fixed and mobile digital certificates required for secure access to a customer's technology infrastructure.
SHORT INTEREST
17.59K 07/15/19
P/E Current
-24.54
P/E Ratio (with extraordinary items)
-58.95
Average Recommendation: BUY
Average Target Price: 1.00
