NFTRH+; DAKT

The quick recap is that DAKT (Daktronics) had weaker earnings and gross profits due to operational issues and capacity constraints.  The result was a hard decline at the end of November.  Your further research is required if there is any interest in the stock.

The daily chart shows a triggered MACD, but RSI still below 50.  A successful break above immediate resistance and the SMA’s 50 and 200 would target 13.30.  I have already added it just based on the look of the chart.  But a ‘look’ is not a trade setup.  I often take these chances with my own speculative funds.

dakt

The weekly view is interesting.  It is in a long-term Cup & (sloppy looking) Handle.  This would theoretically target 24 some day out in the future.  That is fantasy stuff however, for NFTRH+ purposes.  I simply included it for reference.

dakt.weekly

Other Considerations

The company makes those big scoreboards and smaller displays.  It’s probably the least sexy thing I can think of.

The stock went Ex-Dividend on Dec. 11, which probably pressured the share price prior to yesterday.

As part of the ‘Handle’, DAKT has declined for most of 2014, making it a potential ‘Tax Loss’ seasonal play.

Buy Target: Current level if you are looking for seasonal bullish positions.  Or a break and hold above the moving averages if you think DATK has higher potential than the daily chart’s target of 13.30.

Sell Target:  13.30

Stop Loss:  Below yesterday’s low, which was 11.91

A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted.  They are meant as a starting point for further research if interested.  Fundamentals-based ideas are also provided for your further research only.