$BCOV have successfully broken out of its Symmetrical Triangle chart pattern highlighted last week , rallying to an intraday gain of +6.75% this morning. The breakout of the pattern sets a directional play for $BCOV, along with uptick in price volatility and volume exceeding 100% of its 50D average observed.
At the current price close of $18.83, $BCOV is still...
$BCOV closed the half-day trading session at $17.64, an intraday gain of +2.08% at 98.68k transactional volume. The trading volume of $BCOV have significantly declined since the start of December, which led to a bi-directional (“drifting”) behavioral price action during the course. The lost of directional momentum have also allowed $BCOV to formed a short term...
Brightcove (BCOV) Beats Q3 Earnings and Revenue Estimates
Brightcove (BCOV) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of...
Yesterday it tested the 38.2% fib level in addition to the ascending trendline and the 9ema. It ended the day closing above the .50% fib level. The MACD is also slowly curling up.
First target 13.66
After a consolidation BCOV has started a serious rally. Weekly pulse has fired long and monthly pulse is about to fire long as well. It makes sense to wait for pullbacks. I see 2 possible entries
1. Enter long at At 21 EMA on a daily TF
2. Enter at previous high at around 8
Drop below 6.5 would negate the trade. Use wide SL. I recommend weekly TF ATR reading.
Good luck
