Bull case:
1. First retest of 50ma
2. Back to major consolidation
3. Stoch and Osc both oversold into a uptrend.
4. Retrace to Fib38%
5. Rev grew by 45% over the past year, and is expected to grow another 30%
Bear Case:
1. Broke major trend line on volume
2. Broke 20ma and hanging onto 50ma for too long
3. looks like double top and hanging out at neckline.
3. Earning expected to decline over the next 3 yrs and net expected to be profitable anytime soon.
4. Lots of insider selling and analyst downgrades over the last month.
5. In same sector as CSCO and AKAM which aren't doing great. .
ATR ~8.00
Float 81M
Short Interest 9%
Will enter small short on break of $72
1. First retest of 50ma
2. Back to major consolidation
3. Stoch and Osc both oversold into a uptrend.
4. Retrace to Fib38%
5. Rev grew by 45% over the past year, and is expected to grow another 30%
Bear Case:
1. Broke major trend line on volume
2. Broke 20ma and hanging onto 50ma for too long
3. looks like double top and hanging out at neckline.
3. Earning expected to decline over the next 3 yrs and net expected to be profitable anytime soon.
4. Lots of insider selling and analyst downgrades over the last month.
5. In same sector as CSCO and AKAM which aren't doing great. .
ATR ~8.00
Float 81M
Short Interest 9%
Will enter small short on break of $72