| | Dynatronics Corp support, resistance research
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Stock : DYNT |
| Stock Recommendations : Buy |
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| Sector : |
| First Resistance : 1.50 |
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| Stock Name : Dynatronics Corp |
| Second Resistance : 2.15 |
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| Buy Near : 0.86 |
| Third Resistance : 2.63 |
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| StopLoss : 0.77 |
| First Support : 0.60 |
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| Posted date : 1/18/2010 12:00:00 AM |
| Second Support : 0.65 |
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Dynatronics Corp (DYNT) manufactures markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment.
Higher than expected sales in the month of December combined with reductions in expenses support the company’s expectations of pre-tax profits in the range of $275,000 to $300,000 for the quarter ended December 31, 2009 compared to pre-tax profits of $89,917 for the quarter ended December 31, 2008. Net income is expected to be approximately $170,000 to $185,000 for the quarter ended December 31, 2009 compared to net income of $54,598 for the quarter ended December 31, 2008.
In the bad economy improving earning is a good sign for turnaround financial situation and Stochastic and ADX given a buy signal with strong ROC and improving RSI and again given a breakout of strong resistance with heavy volume. You can consider this penny stock for your portfolio, You can buy this penny stock near $0.86 with $0.66 stop loss. Remember
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