Sapient Corporation provides various services that enable clients to leverage marketing and technology to transform their businesses in the United States and internationally. It operates in three segments: SapientNitro, Sapient Global Markets, and Sapient Government Services. The SapientNitro segment offers Web and interactive development, traditional advertising, media planning and buying, strategic planning and marketing analytics, and multi-channel commerce strategy and solutions. The Sapient Global Markets segment offers services in the areas of buy-side investment process; commodities trading and risk management; derivatives platforms; clearing and collateral; data management; Java and operations services to capital and commodity markets. The Sapient Government Services segment offers digital marketing strategy and execution, program management, solution delivery, strategy, and communications and outreach services, as well as provides consulting, technology, and marketing services.
To review Sapient's stock, please take a look at the 1-year chart of SAPE (Sapient Corporation) below with my added notations:
Sapient's stock has been trading sideways for the last 4 months. Over
that period of time, SAPE has formed a clear resistance level at $16
(red). In addition, the stock has also created a strong level of support
at $15 (blue) that has actually held since mid-August. This rectangle
formation on SAPE is very helpful in trading it because at some point
the stock will have to break one of the two levels the pattern has
created. Although the stock isn't a huge 'mover', a break out of the
rectangle should send the stock on a more significant run.
The Tale of the Tape: SAPE has clear levels of support at $15 and
resistance at $16. The possible long positions on the stock would be
either on a pullback to $15, or on a breakout above $16. The ideal short
opportunity would be on a break below $15.
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