Is $PSTG ready push higher on the right side of its base?
Notes:
* Steady up trend on all time frames
* Great earnings track record
* Basing for the past ~8 months
* Pulled back to its 20 day line and is now moving higher with volume
Technicals:
Sector: Technology - Computer Hardware
Relative Strength vs. Sector: 3.54
Relative Strength vs. SP500: 6.42
U/D Ratio: 1.24
Base Depth: 64.4%
Distance from breakout buy point: -15.42%
Volume 41.61% above its 15 day avg.
Trade Idea:
* You can enter now as the price is recovering from its pull back on high volume
* If you're looking for a better entry you may be able to find one around the ~$30.7 area
* This stock usually has local tops when the price closes around 19.92% above its 50 EMA
* Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA
* The last closing price is 9.1% away from its 50 EMA
* Steady up trend on all time frames
* Great earnings track record
* Basing for the past ~8 months
* Pulled back to its 20 day line and is now moving higher with volume
Technicals:
Sector: Technology - Computer Hardware
Relative Strength vs. Sector: 3.54
Relative Strength vs. SP500: 6.42
U/D Ratio: 1.24
Base Depth: 64.4%
Distance from breakout buy point: -15.42%
Volume 41.61% above its 15 day avg.
Trade Idea:
* You can enter now as the price is recovering from its pull back on high volume
* If you're looking for a better entry you may be able to find one around the ~$30.7 area
* This stock usually has local tops when the price closes around 19.92% above its 50 EMA
* Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA
* The last closing price is 9.1% away from its 50 EMA