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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.