EGHT broke out of a year long down-channel today. Earnings report on 1/24 - several consecutive quarters or profitability. Expecting an EPS miss, as per typical, with minimal effect on the trajectory. Looking at a slow rise back to the moving resistance line - somewhere in the range of $16.70 - $17.25. Steady gains. Let's go.
8x8 Inc. EGHT forms “Bottom Triangle - Bottom Wedge” pattern Optionable Stock 4th Qrt Earnings May 19 This stock has formed a pattern called Bottom Triangle - Bottom Wedge, providing a target price for the intermediate-term in the range of 13.80 to 14.30. The faster moving average recently crossed above the slower moving average, signaling a new...