During the trading day, I tweeted the following:
There was a news event attached to the move today. Samsung will be using AUTH security products in its new Android phones and tablets. One step closer, I presume, to the big fish – Apple.
If you haven’t already done so, please read over my research report on AUTH from May 8th that outlines the bullish scenario for this company going forward. I expect that with their next earnings report, in August I believe, the company will report numbers that will more than justify a stock price double current levels.
A close over 5.25 sets up a quick move over 6 and beyond. I’ll update the chart when that price event takes place.