doktor_justice
Long

EMC Is Ready To Take Off (long-term)

NYSE:EMC   E M C CORP MASS
95 0 0
Potentially gigantic break out from ascending triangle built in past years, looking for 14 years highs (quasi-ATH). Based on the size of the pattern the long-term target might be around 38,2. The stock weathered through recent broad stock market correction quite well, shows some relative strength . On the daily chart it bounced straight from 200D SMA , and ready to fight 30 again.

On the fundamental side potential VMW             split/spin-off and new VMAX product line might be catalyst, while EMC             core valuation still compelling to peers when adjusted with VMW             stake.
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