Sonic (SNIC)

Company

"Sonic Solutions® is powering the digital media ecosystem through its complete range of Hollywood to HomeT applications, services, and technologies. Sonic's Roxio® products enable consumers to easily manage and enjoy personal digital media content and, through Roxio CinemaNow™, access premium entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms." (company website)

snic(4-2)
SNIC 4-month chart
snic(4-2)_1yr
SNIC 1-year chart

Buy

OK, I've been suffering from seller's regret. I jumped out of Sonic at the first bump, to my increasing chagrin as the price has continued to soar. It pulled back after the recent peak, so I decided to try jumping in again.

  • Percentage price oscillator (PPO) — about to cross above the signal line again
  • Volume — up since earnings, with most higher-volume days being up-days

Based on technical analysis, MarketEdge calls SNIC a "buy" in a "strong upward trend."

Sell

gain Bottom line
2%

The SNIC PPO line failed to complete the cross-over above the signal line, so I closed out the position with a very small profit.