INFN this trade would more ideally be a longer swing, but it's about to breakout on the daily and has a lot of gap to fill.
INFN is retesting a previous zone which was support before. If this area becomes resistance the price might retrace to $ 11.00
There is high probability that the price will go below $10 next 120 days. Good to have your stop loss at recent swing high 19.20 Realtime alerts go www.2waytrading.com
17.50 seems like modest support. otherwise low 16 possible
INFN broke the rising wedge, retraced, and has turned back downwards. Target closing the gap @ 14.50.
Infinera stock is at an excellent oversold level on the RSI. The stock has been in an uptrend (purple) going all the way back to October 2014. Revenue growth has been good over the last 4 years. In 2011, revenue was $405 million. In 2014, revenue grew to $668 million. The annual revenue growth rate for the last 5 years is an excellent +16.7%. Revenue growth has...
INFN expected to open at 16.30 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
About INFN i know a little ( am invested for longer term), about JNPR not so much, but for me personally:) if INFN can recover after still possible "lower higher low" (on its own chart, nor this ratio), then i would again be in market bull camp. grooveshark.com
Still in a bottoming process - but could soon start to run into next earnings.
Several bullish signs going on here, looking at pushing through its high set in early June. Watch for confirmation over 11.65