LaserCard (LCRD)

Company

"LaserCardCorporation, together with its subsidiaries, is a leading provider of secure IDsolutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCard® optical memory cards, multi-technologycards, encoders, peripherals, smart and specialtycards, biometrics, and modular software. The Company's cards and systems are used in various applications, including citizen identification, border security, government service delivery and facility access." (company website)

lcrd(4-1)
LCRD 4-month chart
lcrd(4-1)_1yr
LCRD 1-year chart

Buy

LaserCard bottomed out in March and has risen steeply ever since; when the company report earnings at the end of July, it blew past Expectations, delivering a huge surprise. Since then it has peaks well above $9. For the past week, there have been successive up-days, the last two with volume.

  • Percentage price oscillator (PPO) — just crossed above the signal line
  • Volume — many more higher-volume up-days than down-days

Based on technical analysis, MarketEdge calls LCRD a "hold" and notes "mildly deteriorating conditions." I'm looking for a break to the upside.

Sell

gain Bottom line
-8%

Short, but not sweet. Right after I bought in yesterday, LCRD started to drop, and it fell even more at today's opening, far enough to trigger my stop-loss order. Although it got higher than any of the previous peaks this last time, I guess the moral of this story is that LCRD is going sidewise, not up.