October 27, 2004
SpeculatingStocks.com Stock Pick: Signal Processing, Inc. (SSPI)
Stock Price: $2.24 (long-term strong buy)
Spectrum Signal Processing, Inc. is a leading supplier of software platforms for defense electronics applications. Defense electronic applications include military communications, signal intelligence, surveillance, electronic warfare and satellite communications.
We believe a lot of eyes are on SSPI especially with Q3 earnings being reported tomorrow. If you look at the chart, you will notice SSPI hit a low of around $1.87 before making its most recent trend upwards. This is marked by higher volume, possibly accumulation before earnings.
SSPI is a volatile stock at times and jumped from around $1.00 to a high of $6.49 in April of this year. We believe SSPI will tend to trend higher; however, if a major deal is announced SSPI could gap higher.
SpeculatingStocks.com Target Price: We expect SSPI to rise above $4.00 within the next 6 months.