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Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 12083.49 with take profit at 12109.97
Bearish Preference:
A sell position is envisaged if price trades below price 12004.52 with take profit at 11973.50
Fundamentals:
No high impact fundamental.
Comment:
Science Applications (NYSE:SAIC) reported a second quarter earnings that beat analysts’ forecasts and revenue that was inline with expectations. Science Applications announced earnings per share of $1.75 on revenue of $1.83B. Science Applications shares are down 11.89% from the beginning of the year, still down 3.91% from its 52 week high of $97.82 set on July 29. They are outperforming the Nasdaq 100 which is down 24.79% from the start of the year.
Analysis: SCRUM Team
