SAIC approaching first buy level

23 Feb 2021

Here's another one that's close to triggering my buy alert today. SAIC is a government technology contractor and should fare well under a Democrat administration. It pays a nearly 2% dividend, and I estimate forward P/E at 12-13 and forward P/S at about .8. That's an objectively attractive valuation and also leaves about 16% upside to SAIC's median multiple of the last 4 years. Analysts are a little negative on SAIC, with a 4.3/10 rating, but open interest is highly bullish, with a put/call ratio at about 0.25. Upside to the average analyst price target is over 20%.

SAIC is approaching strong support from both a one-year trend line and the 200-day exponential moving average.

23 Feb 2021

Nota

Got a nice bounce late in the day from about the level I alerted at. After market, SAIC announced that it received a Navy contract to provide torpedoes.

25 Feb 2021

Nota

Making another run at this support level again.

26 Feb 2021

Nota

Trend line briefly breached; bounce from secondary support at 86.

26 Mac 2021

Nota

SAIC reported an earnings beat, but disappointing sales and guidance, which sent it down to my lowest buy level. I picked up a couple more shares here.

7 Apr 2021

Nota

This morning's headlines:

SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering

SAIC Wins $3.6 Billion U.S. Army Contract for Engineering Services Supporting Hardware-in-the-Loop and Modeling & Simulation Development