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JimVanMeerten (63.21)

Open Text is a buy

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June 02, 2011 – Comments (0) | RELATED TICKERS: OTEX

Open Text Corp. (OTEX) has pioneered the development of innovative intranet, extranet and e-Business applications. Since creating one of the first search engines to index the World Wide Web, the company has remained at the forefront of Internet-based technologies. Their solutions allow individuals, teams, organizations, and global trading communities to collaborate on projects, share ideas and accelerate innovation to the fastest possible speed.

Barchart Technical Indicators:

1 - 100% Barchart overall buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 6 new highs and up 6.90% in the last month

5 - Relative Strength Index is 65.06% and rising

6 - Trades around 65.40 with a 50 day moving average of 62.21

Jim Van Meerten is a Marketocracy Master

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