The formation of an inveted Head & Shoulders Pattern plus a gap above the neckline today looks to confirm that the trend is reversing up. It would have been double confirmation if the gap was stronger (ie decisive green candle with a large gap prefered). Nevertheless this could be the start of a new bullish trend with target around 200 mark. I would put a stop loss just below the right shoulder at 143. Let's hope it plays out.
They're showing up in a tech growth screen I put together that filters mid and large cap tech stocks with 1 year EPS growth and 1 year revenue growth between 15% and 50% with price below their 200 day average but above their 20 day average. Jim Cramer called a bottom a few days ago, and the chart backs him up. Time to see how it plays out next week.