Something about to happen soon...I think we should see a big move soon. Maybe this week.
On of the reasons is the bollinger band width has been retardedly narrow for a while and SXP seems overdue for a bulge in the band. This is caused by a big move up or down.
Also it looks like the bullish pennant has formed. I figure any move/close above 5.90 on good volume should get the ball rolling upward. The price action range is tightening and volume is low. If it breaks high my target for this pattern is 7.00
Why upward and not downward? Well the next event in market moving fundamentals is the next Q report. Until then, IMO it is unlikely they will surprise with negative news. This leaves the company announcements either neutral or more positive M&A.
With an extremely low 10 P/E and a price to cash flow of 6.3x, frankly someone should just buy this company and take it private. That aside, the dividend is respectable and going up.
The points and figures chart on Stockcharts.com is pointing to 14.00 price target which is a little crazy. However P&F charts can be good for indicating general direction.
Good luck to all.