sapientrade
Long

Im ready for BLOX, however.........

NYSE:BLOX   INFOBLOX INC
105 0 0
Be careful on this one. See the RSI and normalized level established on the upmove Feb March timeframe. This is where the normalized level was established for THIS particular stock . With any luck, using a one day analysis, the stock may propel to the point to break the 50 level on the RSI , which would validate the gap filling action. Caveat.......IF there is not enough momentum i/e volume up/down to establish the RSI signal, then this would be a classic "dead cat bounce". Again, I am not being a bear , but am being cautious. I like this stock and want to participate in the next upmove, however, I would like it to be a validated move. Just putting this information out as DD             to others interested in this issue. To monitor this, simply pull one of these charts and format the RSI and OBV . Set the RSI to 50 on a daily event basis. Draw trendlines on the OBV and watch for a move on that indicator that surpasses the prior up move value. And most importantly, Good Luck.

Worth mention: The stochastics is BUY, The DMI             has not crossed, but bullish since the ADX is decelerating the last move.
Daily volume looks good as well for the move.
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