Buying the dip on SGCSo TradingView is showing the wrong price on this; it's 10.90 right now, having dipped with the rest of the market mid-day after a strong open due to a large earnings and revenue beat. SGC's PEG is 0.8, according to Zacks, and its dividend yield is nearly 4%. That makes it a really good value. Unfortunately SGC offered no guidance, but the earnings and revenue beat today should bring some upward estimate revisions from analysts in the coming weeks. March 20 calls at the $10 or $12.50 strike wouldn't be a bad bet after today's report.
SGC trade ideas
SGC short ideaSGC has been rangebound from 16-20 USD since May 15. Earning reports is due soon and I would expect share price to test resistance at 16 USD. I will exit if price goes against me. I am bearish because there was extremely unusual sell volume in this counter in the past few days.
Please DYODD thanks.