PSTG Cloud Data Long OpportunityPure Storage PSTG, Long opportunity. Not a day trade or swing. Has formed a nice base and seems ready to steadly increase. Target 20$ for earnings at the end of November. Unless big market crash or cloud bubble, should flag for a while , consolidate and then start its bull run.
PSTG trade ideas
Pure Storage $PSTG Bullish ascending triangleWe have a bullish ascending triangle we are breaking out of now and will be confirmed if we close above $17.77. Also have a golden cross on the 50 and 200 EMA soon to be bullish crossover on the MACD. Measured move of the breakout should take us right to $20. Good luck traders.
PURE STORAGE $PSTG$PSTG is still below the trend and very close to brekout. Yesterday's volume was above the average and broke 20SMA (red) out . Needs to get above $18.08 to be long.
12 months Consensus Price Target: $20.10
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
$PSTG Upgrade for Pure storage. Pure Storage rating change at Raymond James Pure Storage upgraded to Outperform from Market Perform at Raymond James. Raymond James analyst Simon Leopold upgraded Pure Storage to Outperform from Market Perform with a $22 price target. Source thefly.com
Indicators bullish and signals are positive.
Market sentiment has changed, rotation back into tech.
Buy side volume impressive.
Average analysts price target $21.10 | BUY
Short interest 9.95% (high)
Company profile
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
$PSTG Pure Storage set to fill the gap Entry level $17.00 | Price Target $20.00
Stop loss $16.30
Average analysts price target $21.20 | Buy rating
Upgrade details
Goldman's Rod Hall is buying the bounce in Pure Storage (NYSE:PSTG), upgrading to Buy from Neutral. His $21 price target suggests 28% upside from last night's close.
Pure Storage had a rough spring/summer, bottoming at around $13.50 in mid-August. Seeking Alpha.
Company profile
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
Pure Storage aiming to fill upside Gap ====Entry Level $17.50 - Price Target $19.75====
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
Pure Storage - $PSTG - Earnings Beat + price drop Pure Storage ($PSTG) - ER beat on 5/21 somehow led to a price drop on this flash storage stock. I was originally alerted by seeing $NTAP 's chart / dip. $NTAP is a competitor and is suffering the same dip. I'll be monitoring these two looking for a reversal.