SPLK - 50SMA Major Resistance Short

Description

⋅ Jun 18, 2014 4:44 PM

Expect previous 50SMA support to turn into resistance here. Notice how it bounced off that level 6 times between Jan 2013 and Mar 2014. OBV also nudged up against resistance. Targeting move down to $46.15.

6.18.14 - 12:44pm EST