vlad.adrian
Long

Barracuda Networks - swing trade

NYSE:CUDA   BARRACUDA NETWORKS INC
80 1 4
The weekly chart here
snapshot
. Considering the neutral weekly chart, any trade is allowed on the daily.

After a double bottom, this stock rallied and broke the neckline. However, it did not stay above it for long, and came back down to value to gain thrust (hopefully).

I would trade this stock looking for 32$, and further up for 35$. I would take more than half of the position off the table at 32. Stop below yesterdays low, and it shall be a hard stop this time.
HexVex
2 years ago
This was a very good call.. Thanks!
Reply
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