After today's close, ITRI announced they will be doing an offering on June 5th, and the stock subsequently dropped after hours. IMO, this may present a buying opportunity for anyone interested in playing the smart grid push. Not only is it inexpensive for the level of future estimates I have been observing w/respect to the smart grid space, the technicals agree as well. (CSCO recently made the most ambitious of projections for the space to grow +20% a year to 2014.)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_Vn5eBfN2DjuTZ24oxwLSR5va0J_BU6-6Mw7m5p-0YmWL28S1P4WqHNqVUYGWVN0g_jR88GHXqUvDERVB5XHeMCjhUuU7rp-zxD5QkwpPf1MaVMdQ5ryJKAPSyZ12j8d9UL6YMF29Evg/s400/sc.png)
A nice initial entry would be near the 50SMA, but 50-51 is where I am looking to get in.
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