Long
SPLK to find $140
- Fundamentally, some of the biggest cloud based software companies (CRM NOW TWLO ZEN) have seen a recent sell off but they have reported no issues that would give investors to assume that they are struggling to profit. Each remains supported and sellers are exiting the market.
- SPLK beat earnings last quarter and analysts have projected continued sales growth
- SPLK is well supported at $107
- Volume is currently weaker than most recent bounce to $140 but MACD remains bullish
- Look for 7D MA to cross 50D MA
- Set stop loss at $107
- SPLK beat earnings last quarter and analysts have projected continued sales growth
- SPLK is well supported at $107
- Volume is currently weaker than most recent bounce to $140 but MACD remains bullish
- Look for 7D MA to cross 50D MA
- Set stop loss at $107
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