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Dr. Thomas Carr
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Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder of DrStoxx.com (formerly “Befriend the Trend Trading”). He holds M.Phil. and D.Phil. degrees from the University of Oxford. For 16 years he was a tenured professor and department chair. He currently is a fulltime trader, market analyst, trading... More
My company:
DrStoxx.com
My blog:
DrStoxx.com
My book:
Market-Neutral Trading
  • AudioCodes = Nice Breakout Chart 0 comments
    Dec 23, 2013 12:46 PM | about stocks: AUDC

    Shares of AudioCodes Ltd. (NASDAQ:AUDC) are trading sharply higher today on no news. The Israeli IP telephony company was recently highlighted as a potential takeover target by Seeking Alpha contributor, "Worthless Pennies". The company recently beat on both top and bottom lines at their last EPS announcement.

    The technical chart shows a stead uptrend with a recent rounded bottom consolidation. A close over $8 would signal a strong run to the alltime high near $14 over the next year or so. Current price is under that level but showing increasing momentum.

    (click to enlarge)

    Disclosure: I am long AUDC.

    Themes: long idea, breakout Stocks: AUDC
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