Question: Stock code ARBA (Ariba Inc)Sell or Hold?
The Stock of Ariba Inc (ARBA) had seen some good raise last year but since November it has seen some huge hammering. Not to mention some of its execs cashed in on the high price.
I read few reviews where one guy said to bail out of Ariba and others are suggesting Buy. Now im confused. Please share data and your advice.
Answer:
The majority of analysts which follow this stock (and probably know more about this company then I do) still rate the company as a BUY, with a forecasted price target of $36-$40 for the next 12 months.
http://finance.yahoo.com/q?s=arba&ql=1
http://finance.yahoo.com/q/ao?s=ARBA+Ana…
this stock was nice and predictable until Aug 2011...however now it is all over the place.
I would not trust this stock for a long term play right now and the volume is too low for a daytrader's liking.
http://stockcharts.com/def/servlet/SC.pn…
Currently there is support around $26.50 - $27.50 with a huge resistance at $35.00.
The stock is wandering between these levels....
If I owned it I would bail out if the stock fell to $26.50 or lower....or Sell the stock as it approached $35.00 if the analysis looked weak.
If I wanted to buy the stock I would do so only if the stock exceeded $35 on a strong run
Not really an exciting stock for my taste