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JimVanMeerten (62.19)

Put a TIGR in your tank

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June 11, 2010 – Comments (0) | RELATED TICKERS: TIGR

TIGERLOGIC ( TIGR ) has an installed customer base that includes more than five lac active users representing more than 20,000 customer sites worldwide, with a significant base of diverse vertical applications. With more than hundred employees and contractors worldwide, TigerLogic offers 24x7 customer support services and maintains a strong international presence.

Their website includes a download link for an application called youlink that purports to be a better search engine than any of the other free applications.

The stock came up on my Barchart screener when I went looking for the stocks hitting the most frequent new highs in the last 20 trading sessions. TIGR hit 13 new highs in the last 20 sessions and 4 in the last 5. The last month has shown a 35.14% price appreciation. Barchart registers 11 buy signals on it's 13 technical indicators for an 88% overall buy signal. The stock trades at 4.50 with a 50 day moving average of 3.52.

Wall Street hasn't discovered this stock yet but the analysts who has this on his watch list thinks the sales will increase by 14.20% next year. Earnings per share are expected to increase by 68.40% this year and 83.30% next year, If these estimates are met this could be a nice pick.

Investors over on Motley Fool that have found this stock vote 39 to 7 that the stock will beat the market. The more experienced All Stars have a similar vote 5 to 1.

If you're looking for a speculative pick that the rest of the herd hasn't discovered yet consider these points:
1 - The stock has recent price appreciation and is trading above it's 20, 50 & 100 day moving average

2 -  Barchart has a buy signal on 11 of it's 13 technical indicators for an 88% buy signa

3 - l Wall Street predicts double digit increases in sales and earnings

4 -  Not a large investor following but those that have found it like it

Jim Van Meerten is an investor who writes on investing on Financial Tides and Barchart. Please leave a comment below or email JimVanMeerten@gmail.com

Disclosure: No positions in TIGR at the time of publication

 

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