Thursday morning

SMG Daily Chart

There was some minor (for these people) selling by the Hagedorns on 7/30.  Paul, Robert and Katherine are each 10% owners so they won't miss the stock in their portfolios.  In addition the Hagedorn Partnerships L.P. also sold a slug.  Even though that is a very long red tail that pierced the 50 day simple moving average all of the insider sales executed at 50.04.  That was within 10 cents of the high of the day. They are good.

Even with that wild day that ranged 4.5% of the closing price, the stock is still in a volatility squeeze.  The Bollinger Band width is only 3.3% of the 20 day simple moving average.  That's tight.  With the vast majority of the trading above the 20 day sma it is likely the move will be to the upside and it could be powerful.  If you take some stock now you are anticipating and the buy should be small.  The company reports 8/6 before the open so be careful.