Stock price when the opinion was issued
Doesn’t like the look of the overall chart. The chart shows this has had higher highs and higher lows from mid-2012 until the latter part of 2013. That series was broken and there was a little bit of a topping formation with a neck line at around $3.50. That neck line has been broken. If you own, look for any kind of a rally to get out.
Has always really liked this, much more than the Canadian version, because they have the ability to bring in data. The re-subscribe rate is very strong. This has been vacillating between $3 and $4 for a very long time. It makes a lot of sense. The question is how long it will remain an independent operation.
A lot of US media stocks have struggled over the past year. In the last little while, looks as though they've started to bottom out and stabilize. Still in a primary downtrend, but may be starting to build a floor. Might take a bit longer. Want to see it breaking out around $35-36, or at least above $30 to verify that it has some oomph behind it.
Chart shows a long uptrend from mid-2012 but the uptrend was broken in the latter part of 2013. Currently in the short term downtrend, however it may be trying to consolidate. This could take a while and if you are not getting much of a dividend, it can be a very long excruciating, painful ride just to own it.