Diamond Management and Technology Consultants (DTPI)

Company

DTPI 1-year chart DTPI 1-year chart

"Diamond is a management and technology consulting firm. Recognizing that information and technology shape market dynamics, Diamonds small teams of experts work across functional and organizational boundaries to improve growth and profitability. Since the greatest value in a strategy, and its highest risk, resides in its implementation, Diamond also provides proven execution capabilities. We deliver three critical elements to every project: fact-based objectivity, spirited collaboration, and sustainable results." (company website)

DTPI 6-month chart
DTPI 6-month chart

Buy

I lost a bit trying to short DTPI, so now I'll try to make up for it by going long. Since plunging in March DTPI has moved up, just above the 200-day moving average and got a boost in early May by exceeding Expectations by a penny. Since then it has been sitting just around $13 for a month. In the last two days buying has picked up a bit, so we'll see if this is going to be the breakout.

  • Price momentum (PPO) — positive, stable for past three weeks
  • Relative strength (RSI) — just above neutral
  • Trend (ADX) — as selling pressure (-DI) dropped since March, the trend (ADX) has weakened, but buying (+DI) now seems ready to pick up
  • Volume — three weeks of on-average volume

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

Sell

loss Bottom line
-7%

Right after I bought DTPI it jumped to more than a dollar above my purchase price. It was too much of a good thing. Since then it has been steadily moving downward, with each successive session's high lower than the previous one. After it touched up with the 200-day moving average, I had hopes that the slide would reverse, but today DTPI has gone only one direction from the open — down. I decided to bail out with a loss just under $1 per share.

What looked like a fall and quick recovery in March now looks more like a fall with a bounce.