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Sputtering After Recently Wedging to New Highs - Tuesday, December 6, 2022
Digi International Inc (DGII -$0.56 or -1.38% to $40.16) pulled back today for a 4th consecutive small loss with lighter volume. Recently it wedged above the pivot point cited based on its 10/31/22 high plus 10 cents after forming an advanced "ascending base" pattern. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to confirm a proper technical buy signal. Fundamentals remain strong.
DGII was highlighted in yellow with pivot point cited based on its 10/31/22 high plus 10 cents in the 11/10/22 mid-day report (read here) and analyzed in greater detail that evening with an annotated graph under the headline, "Finish Below Pivot Point Leaves Disciplined Investors Waiting".
DGII has a highest possible 99 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +80% on +34% sales revenues versus the year ago period, its 3rd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong after a downturn in FY '17-18.
The company hails from the Computer - Networking group which is currently ranked 3rd on the 197 Industry Groups list (L criteria). The small supply of only 35.6 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 308 in Dec '21 to 376 in Sep '22, a reassuring sign concerning the I criteria. It has an Accumulation/Distribution Rating of A, a Timeliness Rating of A, and a Sponsorship Rating of B.
Finish Below Pivot Point Leaves Disciplined Investors Waiting - Thursday, November 10, 2022
Digi International Inc (DGII +$2.80 or +7.69% to $39.23) finished in the middle of its intra-day range after highlighted in yellow with pivot point cited based on its 10/31/22 high plus 10 cents in the earlier mid-day report (read here). It hit a new 52-week high with today's big volume-driven gain while trying to rise from an advanced ascending base pattern. The close below the pivot point suggests that it was encountering distributional pressure. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Disciplined investors may keep the stock on their watchlist and wait for confirmation of fresh institutional buying demand.
DGII has a highest possible 99 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +80% on +34% sales revenues versus the year ago period, its 3rd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong after a downturn in FY '17-18.
The company hails from the Computer - Networking group which is currently ranked 12th on the 197 Industry Groups list (L criteria). The small supply of only 35.3 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 308 in Dec '21 to 366 in Sep '22, a reassuring sign concerning the I criteria. It has an Accumulation/Distribution Rating of B+, a Timeliness Rating of A, and a Sponsorship Rating of B.
The company hails from the Computer - Networking group which is currently ranked 12th on the 197 Industry Groups list (L criteria). The small supply of only 35.3 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 308 in Dec '21 to 366 in Sep '22, a reassuring sign concerning the I criteria. It has an Accumulation/Distribution Rating of B+, a Timeliness Rating of A, and a Sponsorship Rating of B.
