$QLYS – Looks Like a BuyNASDAQ:QLYS Looks to be under institutional accumulation. Look at those volume bars at earnings. According to the AVWAPs, there should not be much selling pressure from longer term holders trying to get out.
I like the solid base of around 90 days before the big breakout. This is a low float stock so keep that in mind as bid / ask spreads can get larger than higher volume stocks.
I have an alert just above Friday’s high and above the AVWAPs to look for an entry. I will go to a lower timeframe to find an entry and to set my stop. A stop below the most recent low is too wide for me. If I take the trade, I will update the idea.
Thanks for looking. Comments always welcome.