SIMG up nicely today. There is a potential buy but not good risk/reward here at the 4.20’s. If a base develops in the 4.15 area I will look to buy an end of day rally. Because this is an earnings play a short is probably not appropriate for the next two days. Support in low 4’s Resistance is low 4.30’s.
[wikichart align=”center” ticker=”SIMG” showannotations=”true” livequote=”true” startdate=”28-01-2010″ enddate=”28-07-2010″ width=”570″ height=”365″]