Breakout_Trade

RNG Breakout after Vodafone Partnership Annoucement

Long
NYSE:RNG   RINGCENTRAL INC
We have been watching RNG for a few weeks now waiting for a solid move above resistance at $306. It looks like today's announced partnership with Vodafone might push it above this level. If it can move above here it could see slight resistance at $310 but we feel that the ATH at $317.84 is a more likely target.

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