Sigma Designs (SIGM) which makes chips for IPTV set-top boxes and for Blu-Ray players, said Thursday its fiscal second-quarter profit rose 12 percent from a year ago, boosted by its gain in the IPTV (internet protocol TV) market. Non-GAAP profits of 47 cents cents a share were ahead of the Street at 40 cents. Gross margin of 50.7% was up form 49.3% in fiscal Q1. The company still showing growth, good technology, good returns, good margins, cash very interesting and no debt.

I saw Friday’s stock action as a good buying opportunity for long-term investors, especially considering the balance sheet and value of the company businesses, but as you know this is just my opinion nothing more. Technically, the stock still in downtrend but at this level the stock is showing some resistance to move down. The current price is above the 50 day moving average of 16.85. Sustained move above the average could signal development of an uptrend. SIGM looks like it is gonna squeeze some shorts to me. Let’s keep an eye on it.

Esterline Technologies (ESL) - The stock made a very significant move on Friday breaking out from its ascending triangle pattern which could be signs of a bottom here for the stock and the bulls ready to make some more moves. ESL has a good looking stock chart price broke out from the horizontal resistance mark around $54 on heavy volume in the face of a collapsing market. This breakout suggests a possible move to $62.90.