UCTT chart looking bullish?

[mystiky]

Came accross UCTT today.

Looking at the chart, it looks like "buy on the dips"? Seems to be in an uptrend. Also, learned that it will be an IBD100 "top 10" canditate, if it can close above that magic $15 mark.

Any chartists out there want to give me some feedback UCTT?

[Websman]

Came accross UCTT today.

Looking at the chart, it looks like "buy on the dips"? Seems to be in an uptrend. Also, learned that it will be an IBD100 "top 10" canditate, if it can close above that magic $15 mark.

Any chartists out there want to give me some feedback UCTT?

I would buy at around 10.25, just above the 21 day MA. A pullback is due.

[mystiky]

Uctt

$10.25? Isn't the chart in an uptrend now and if it breaks below the $11-$12 support that it would be a strong negative?

It's showing me a "perfect" flag-pattern between $12-$14 with a breakout yesterday on stronger volume. Today it pulled back a bit. I was thinking of buying the dips into the the low $13's and high $12's.

Still can't figure out how you come up with $10.25.

[Websman]

$10.25? Isn't the chart in an uptrend now and if it breaks below the $11-$12 support that it would be a strong negative?

It's showing me a "perfect" flag-pattern between $12-$14 with a breakout yesterday on stronger volume. Today it pulled back a bit. I was thinking of buying the dips into the the low $13's and high $12's.

Still can't figure out how you come up with $10.25.

Oops.... Sorry, I was looking at the wrong chart. My mistake.

Let's try this again. I would be willing to buy UCTT at 12.90, which is just above the 21 day MA (12.83).

UCTT looks very bullish to me.

[Lyehopper]

I would buy at around 10.25, just above the 21 day MA. A pullback is due.

The 61.8% retracement line is at $9.75 Webs.... UCTT is showing a nice SHS on it's two day chart and it broke it's neckline @ about $13.80 this afternoon. That $11.95 gap is screaming FILL ME!!!!.... My money is on the short side here too....

[Lyehopper]

Oops.... Sorry, I was looking at the wrong chart. My mistake.

Let's try this again. I would be willing to buy UCTT at 12.90, which is just above the 21 day MA (12.83).

UCTT looks very bullish to me.

Then I read this post....LOL! Just hold off till it hits $9.75....

[mystiky]

The 61.8% retracement line is at $9.75 Webs.... UCTT is showing a nice SHS on it's two day chart and it broke it's neckline @ about $13.80 this afternoon. That $11.95 gap is screaming FILL ME!!!!.... My money is on the short side here too....

Not sure that I agree. Here is what I see:

http://stockcharts.com/gallery/?UCTT

If this was a SHS pattern, it's the weakest one I have seen in a while. I really dont think its any kind of a short unless it CLOSES below $12.90 on high volume.

Also, VectorVest has it's fair value tagged at: $24.58

But, I of course respect your opinion...

[Lyehopper]

Not sure that I agree. Here is what I see:

http://stockcharts.com/gallery/?UCTT

If this was a SHS pattern, it's the weakest one I have seen in a while. I really dont think its any kind of a short unless it CLOSES below $12.90 on high volume.

Also, VectorVest has it's fair value tagged at: $24.58

But, I of course respect your opinion...

I've been a fullblown subscriber to Vector-Vest for years and I'll tell you that the "value" they put on a stock really dosen't mean a whole lot. Not that this stock isn't worth $24+, I don't really know because I've only glanced at it and I've done no FA on it.... BTW, That SHS I saw was on the two day chart. It might not mean anything, but it's another perspective.

[IIC]

Came accross UCTT today.

Looking at the chart, it looks like "buy on the dips"? Seems to be in an uptrend. Also, learned that it will be an IBD100 "top 10" canditate, if it can close above that magic $15 mark.

Any chartists out there want to give me some feedback UCTT?

Wouldn't surprise me...it is already # 18 on the IIC 100...I also dt'd it for a gain this week and I picked it for the contest since it was a pretty sure bet that it would open up today...but it didn't hold. However, since I'm outta town I will just let it ride in the contest.

Also, good eps projections going forward out 5 quarters...I don't have access from where I am right now to see if I can get projections further out.

Watch different MACD's for an indication of whether it might p/b or keep going.

[mystiky]

more on UCTT

I really do appreciate your thorough reply, especially with charts & etc. I clealery see you SHS on the chart. My only thing against it (at this moment) is that the day we got the HEAD part, the volume was not huge. I think that topping out moves usually come with larger volume. Looking over the chart of UCTT, I see the "flags" being built on higher volume and the selloffs are on smaller volume.

As far as VectorVest numbers/estimates. I think that VV is a grea reference point if they think that the company has real earnings basis. But charts/volume always speak louder than anything else.

Will continue to follow.

I've been a fullblown subscriber to Vector-Vest for years and I'll tell you that the "value" they put on a stock really dosen't mean a whole lot. Not that this stock isn't worth $24+, I don't really know because I've only glanced at it and I've done no FA on it.... BTW, That SHS I saw was on the two day chart. It might not mean anything, but it's another perspective.

[Websman]

The 61.8% retracement line is at $9.75 Webs.... UCTT is showing a nice SHS on it's two day chart and it broke it's neckline @ about $13.80 this afternoon. That $11.95 gap is screaming FILL ME!!!!.... My money is on the short side here too....

The VTP is never wrong...

[mystiky]

UCTT 10 days later...

Well, looks like UCTT has just "hung" there for 10 trading days. The 10-day is moving up right against it. I think that the Head & Shoulders is now a non issue.

Anyone with an updated comment?

I've been a fullblown subscriber to Vector-Vest for years and I'll tell you that the "value" they put on a stock really dosen't mean a whole lot. Not that this stock isn't worth $24+, I don't really know because I've only glanced at it and I've done no FA on it.... BTW, That SHS I saw was on the two day chart. It might not mean anything, but it's another perspective.

[Lyehopper]

UCTT $11.95 gap filled....

Last week UCTT quietly filled that $11.95 gap..... Very interesting company.... http://www.uct.com/products/whatUCTdelivers.html

Should bounce right here I think. Don't know it it'll break out, but it should be good for 10%. Unless the bear just eats it or something. If it slides on light volume to $9.75-ish I'd look at building a decent position.

Btw, good eye Mystiky. (And of course IIC who also spotted it)....

[IIC]

Last week UCTT quietly filled that $11.95 gap..... Very interesting company.... http://www.uct.com/products/whatUCTdelivers.html

Should bounce right here I think. Don't know it it'll break out, but it should be good for 10%. Unless the bear just eats it or something. If it slides on light volume to $9.75-ish I'd look at building a decent position.

Btw, good eye Mystiky. (And of course IIC who also spotted it)....

Good memory Lye...However, at that time I thought it would bounce right back. Certainly an earnings turnaround story...If they meet this quarter they will have a 500%+ eps increase vs. last year. And they are projected to increase eps by 40% next year...Thx for bringing it up again...Doug(IIC)