SNAP has been consolidating for quite some time now after its earnings gap up. Sadly it is trading below the AVWAP from the gap up which usually indicates it will fill the gap but it seems that buyers have stepped in to not let that happen. Many of the newer growth names are extended but this one has been more beaten up recently. We are still holding the RS above 50 and also seeing a declining ATR. We are also trading in a range within the PEG as well as seeing the Fibonacci EMAs in a very tight pattern which usually means a strong move in the next week is coming.