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After the earnings miss on March 13th 2017, RYI has recovered nicely by finding support around $10. Right now the price has peaked above the past three month resistance and we want to see if it can base above that channel next week by holding $12 as a support. If the demand continues, next target of $14 and $16 is likely to be tested.
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After getting an almost 50% hair cut since announcing wider than expected loss on Feb 23rd 2017, EMES has formed a nice support at $10 and has made a $3 move last week. We expect some sideways action early next week and then price to test $15 along with Elasticity to flip positive to form a base around there before moving higher.
Additionally, EMES has a nice...
HURN is coming off a fresh 52 week low area and it made a $1.50 move on Friday on the back of a recent analyst upgrade if that amounts to anything as I don't find analyst upgrades or downgrades useful but it tends move the price.
$40 seems to be a good support and we want to wait for price to form a solid base here if this stock were to make a comeback and take...
Currently trading at a 4 months low, Nautanix issued a weak Q3 guidance prompting the stock trade in an all time low territory. Fundamentals aside, trading over 10 times more than average volume on Friday and short float at 31%, I'd expect some sort of bounce early next week and would look for an entry around $24 or $25 if it can get up there to play on the short...
PLSE has been bleeding cash for a while now but it has attracted investments from two investors providing cash infusion to help it stay afloat on early February. This is when the stock broke out and has been trending up since then. Even though doom and gloom was predicted for PLSE here on Feb 23 2017 stock has moved up by $7 since then. Yesterday I was expecting a...
The year over year growth has been compelling for Box and the stock has been on a nice uptrend since bottoming out at $10 in early and mid 2016. On March 2nd 2017 stock made a strong move to the downside breaking the near term support on a high volume due to not so stellar guidance but with strong earnings.
More details here : blog.buysellshortcover.com
With retails sector getting crushed in the past few months, Buckle, Inc is a very strong candidate to trade in mid $10 in the next few weeks. Decreasing sales and revenue will continue to propel Buckle downwards until something changes fundamentally.
More details here - blog.buysellshortcover.com
The actionability factor of this chart is insane. The key thing to watch here is the Berserker score follow through and Elasticity indicating that the buyers are still in control. If the demand continues to stay strong and $2.50 continues to hold as support then $3.50 test or breakthrough is very likely in the coming weeks.
More details here blog.buysellshortcover.com
AAOI – Applied Optoelectronics, Inc.
With strong earnings and forecast AAOI has broken into an all time high territory. This can continue to trend higher but we may see some profit takers early next week that can push the price down. I took a short scalp trade late afternoon on Friday last week from high $48 and covered at low $48. This stock would definitely...
