[Opening Position in Silicon Storage Tech Inc (SSTI)]
Dear Member:
Silicon Storage Tech Inc (SSTI) is showing some strength as it moved above the 20 day exponential moving average yesterday and held above that line today. Both DMI and MACD are positive and the company had some relatively positive news a couple of days ago. I like the stock at a limit of $3.40 and would set an initial exit at $3.05 if I am wrong on the direction.
DISCLOSURE: At the time of publication, I have no position in SSTI.
Sincerely,
Bill Kraft
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