MIND - Mitcham Industries, Inc. (NASDAQ Stock)

[lovemoney]

Could test the old high at 6.50 then maybe pull back. If it does then it could go higher and break through to a new high. Weekly chart also looks prime for a rise. Except for a brief drop back at the March lows, it's formed a nice cup and handle since last October.

It also received an analyst upgrade last Wednesday Sept 9, 2009.

MIND - SharpCharts Workbench : StockCharts.com

Weekly: http://stockcharts.com/h-sc/ui?s=MIN...d=p79068551619

Mitcham Industries Inc.
8141 Highway 75 South
Huntsville, TX 77340
United States - Map
Phone: 936-291-2277
Fax: 936-295-1922
Web Site: Mitcham Industries - The Exploration Equipment Supplier of Land Seismic, Marine Seismic, Hydrographic/Oceanographic, and Seamap Marine Products.

DETAILS
Index Membership: N/A
Sector: Services
Industry: Rental & Leasing Services
Full Time Employees: 129

BUSINESS SUMMARY
Mitcham Industries, Inc., through its subsidiaries, engages in the lease, sale, and servicing of equipment to the seismic industry worldwide. It also sells new and used seismic equipment, as well as designs, manufactures, and sells marine seismic equipment. The company leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land, as well as in transition zones and marine areas. Its land equipment lease pool includes seismic recording land channels, geophones and cables, and other peripheral equipment; lease pool of marine seismic equipment comprises streamers, air compressors, air guns, streamer positioning equipment, energy source controllers, and other equipment; and marine lease pool consists of seismic source acquisition and control systems designed to provide operators of marine seismic surveys control of energy sources and GPS tracking system used to provide precise positioning of seismic sources and streamers. Mitcham Industries also serves environmental agencies, government agencies, and universities. The company was founded in 1987 and is headquartered in Huntsville, Texas.

[lovemoney]

Went ahead and tested above the old high today then closed down with a higher low. Some volume should get it ready to push up soon.