Stockscom Alert – Apr 20 2004

 

Sierra Wireless (SWIR) - This stock dropped like a rock yesterday on good results but in reality after the rally that it's experienced, it was probably ripe for such action. We see support just below the $30 level and the 25-week moving average is likely to support the stock price, however that is currently in the neighborhood of $24.50.


Overstock.com (OSTK) - We held this in the past and with yesterday's move higher, there is a renewed signal to buy. We recommend buying a small position in this online retailer.