Seachange International Group Inc. (SEAC) Searching For A Breakout

By Mark Moneymaster
May 28, 2010 2:56 PM

Symbols: SEAC

Posted in: Earnings, Long Ideas, Technicals, Movers, Trading Ideas

Seachange International Group Inc. (NASDAQ: SEAC)soared 9.25% to $8.45, after advancing to even higher levels in the morning trading. The provider of digital video systems Seachange International Group Inc. (SEAC) reported Q1 profit of 10 cents a share, beating the 8-cents earnings average analyst estimate for the Q1.

The session also saw the Seachange International Group Inc. (SEAC) breaching its 20 day MA and 50 day MA in the same session on Friday, as the stock looked like searching for higher levels. Seachange International Group Inc. (SEAC) will reach a breakout region abve its trailing 52 week high of $9.98.

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Seachange International Group Inc. (SEAC) Searching For A Breakout

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