SPLK has been on a good uptrend for the past couple years as a growing company and recently reached a strong support. Potential good buy with a 20+ return over the next couple months.
hasn't boomed as much as comparable tech/ cloud companies - can move up if volume ramps target is $35 for next few months
Put Spread $3.25 Target Profit is $340. Max loss is $195 Expiry is October 18th. Max loss is if it flys up to 120 and blows me up and if it continues trending it may move lower to 100 its more likely as negative news may outweigh the market next month but these china concessions are interesting we'll see how it works out. Max gain is $100 target on the underlying
SPLK Shown is the lifetime channel of SPLK Splunk. As shown in the chart, it has been bouncing around near the channesl resistance for some time, and without in any way breaking its pattern could see the Mid 60's-70's. This represents a 40% drop. However, a catch on the uptrend support line and ride back up to the channel resistance represents about a 35% gain....
SPLK price going with strong trend line. possibly buy. wait for 123 pattern. I also watching this one .
Look at the volume at earnings day on 24 August 2018. 11 million(average daily volume is 2million) at median price $119, low was $115 which is current price... Zoom into 30 minutes chart during the earnings day and you will see the low $115 happened for only the first 30 minutes... and the 6 hours were at $119 plus for that day. This means it was severely skewed...
SPLK Short using the Murdrae indicator. The murdrae indicator has given a sell signal along with a bear trend (white background)