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Looks like it wants to bounce off its 50 dma....has gotten several upgrades, either recomendation or price target, over the past couple of weeks. Looking for this one to work its way back to 80 over the next couple of weeks....keep in mind though that it splits 2 -1 in a couple days.
NTAP is bumping upagainst the ersistance line of a symmetrical triangle. The triangle is about 2.65 points high so a b/o should run to around 34.50. Sell stop would be if it trades back below the 20-day EMA, around 31. R/R = 2.65/.75 = 3.5:1
I noticed DSTI rampinmg up towards the close of the day today on some nice volume. Stochastics turning up, and its above the 10,20,30,50 and 200 day moving avgs.
NTAP is bumping upagainst the ersistance line of a symmetrical triangle. The triangle is about 2.65 points high so a b/o should run to around 34.50. Sell stop would be if it trades back below the 20-day EMA, around 31. R/R = 2.65/.75 = 3.5:1
how else can one state this besides the words --> awesome call!
I noticed DSTI rampinmg up towards the close of the day today on some nice volume. Stochastics turning up, and its above the 10,20,30,50 and 200 day moving avgs.
My first target is $15, and if that breaks $17?
Your thoughts? Thanks, as always...
Mystiky, look for a test of this month's high. If it gets taken out on a closing basis then yes, a test of the July high is likely.
ZRAN. Symmetrical triangle and the daily range has been tightening. ERG = 261 and estimates for the next two quarters are up 186% and 80% respectively, YOY.
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