Signals suggest INVN
is staged for a rebound. With yesterday's 8% move upwards, INVN
has broken out of a descending triangle
and above the psychological level of $15, that it failed to breach over the previous four trading sessions. The 9EMA crossed the 20MA and the RSI
is rising from a rounding bottom, one of my favorite patterns. Entry at $15.15. First target is $17.2 or contact with the channel's TL, whichever one comes first.
12.12.14 - 9:34am EST