Digital Globe, Inc. provides commercial earth imagery products and
services in the Americas and internationally. The company operates in
two segments, Defense and Intelligence, and Commercial. It offers
satellite imagery contents, aerial orthomosaic imagery, and elevation
series of digital surface and terrain models, as well as analysis
products and services to provide context and insight to imagery. The
company allows its customers in Direct Access Program, to directly task
and receive imagery from its satellites. It also provides a range of
on-and off-line distribution options, which enable its customers to
access and integrate imagery into their business operations and
applications. The company's products and services are used in defense,
intelligence, and homeland security applications, as well as mapping and
analysis, environmental monitoring, oil and gas exploration, and
infrastructure management uses. Its principal customers include
governments, civil agencies, and providers of location-based services,
as well as various companies in other industry verticals, such as the
financial services, energy, telecommunications, utility, forestry,
mining, environmental, and agricultural industries.
To review Digital Globe's stock, please take a look at the 1-year
chart of DGI (Digital Globe, Inc.) below with my added notations:
DGI has been working its way higher since bottoming at $14 in July.
Over the last (5) months the stock had been hitting $30 as resistance
(blue), which was also a 52-week high resistance. The stocks formation
of higher lows (red) was probably a good sign that the stock was going
to finally push above that resistance, which it did at the end of May.
DGI has already tested the $30 level as support once and it appears to
be pulling back down to it again.
The Tale of the Tape: DGI broke out to a new 52-week
high and now seems to be pulling back. A long trade could be made at
$30 with a stop placed below that level. A break below $30 would negate
the forecast for a continued move higher.
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