RBBN - Aug 11 it just blacks out the downtrend My targets: TP1= 8.20 TP2= 9.18 TP3= 12.13 And my Stop loss = 6.60 its just my thought, good luck with it
Cybersecurity stock, this is a strong sector at the moment. Made a gap up on earnings, back to the strong level double bottom good fundamentals
MACD crossing and the price closed over the .23 fibonacci level. Current price is bellow the poc and it broke out of the weekly descending trend line. first target : 8.94 second target: 9.39
Monitor price action on how it approach to the demand zone. Please note that sellers are still exist in the market which they push the price to the downside with strong bearish momentum. I would consider my entry in the green zone area as it is in line with support trendline.
Pretty extended at these levels but has a chance to break out. Demand zones area lined up well for dip buys as well
Daily cup and handle setup on Ribbon Communications. Handle forming on low volume (bullish sign). Ribbon Communications (RBBN)- DESIGNS CARRIER-CLASS TELECOM INFRASTRUCTURE EQUIPMENT AND SOFTWARE USED BY WIRELESS AND WIRELINE OPERATORS
Entry price : 6.79 Fundamentals : Sector: Telecom EPS % Chg (Last Qtr): 23% 3 Year EPS Growth Rate: 9% EPS Est % Chg (Current Yr): -36% Sales % Chg (Last Qtr): 68% 3-Year Sales Growth Rate: 31% Annual Pre -Tax Margin: 12.3%
This price move may be construed as a buy signal, as it indicates the trend is shifting higher. A buy signal is indicated by this change in price, due to the trend repositioning higher. In 3 of 3 cases where RBBN's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.