RBBN - Aug 11RBBN - Aug 11
it just blacks out the downtrend
My targets:
TP1= 8.20
TP2= 9.18
TP3= 12.13
And my Stop loss = 6.60
its just my thought, good luck with it
−0.31USD
−98.083MUSD
819.76MUSD
140.321M
About Ribbon Communications Inc.
Sector
Industry
CEO
Bruce William McClelland
Website
Headquarters
Plano
Employees (FY)
3.394K
Founded
1997
ISIN
US7625441040
Ribbon Communications, Inc. delivers communications software, IP and optical networking solutions to service providers, enterprises, and infrastructure sectors. It operates through the following segments: Cloud & Edge and IP Optical Networks. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for enabling Voice over Internet Protocol (VoIP) communications, Voice over Long-Term Evolution (VoLTE) and Voice Over 5G (VoNR) communications, and Unified Communications and Collaboration (UC&C) within service provider and enterprise networks and from the cloud. The IP Optical Networks segment provides secure, and reliable hardware and software products solutions for IP networking, switching, routing, and optical transport designed to support and enable technologies like 5G, distributed cloud computing and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. The company was founded in 1997 and is headquartered in Plano, TX.
RBBN - upCybersecurity stock, this is a strong sector at the moment.
Made a gap up on earnings, back to the strong level
double bottom
good fundamentals
RBBN BullishMACD crossing and the price closed over the .23 fibonacci level.
Current price is bellow the poc and it broke out of the weekly descending trend line.
first target : 8.94
second target: 9.39
APPROACHING SUPPORT AND POTENTIAL BOUNCEMonitor price action on how it approach to the demand zone. Please note that sellers are still exist in the market which they push the price to the downside with strong bearish momentum. I would consider my entry in the green zone area as it is in line with support trendline.
RBBN possible breakout to upsidePretty extended at these levels but has a chance to break out.
Demand zones area lined up well for dip buys as well
$RBBN #Cup&Handle SetupDaily cup and handle setup on Ribbon Communications. Handle forming on low volume (bullish sign).
Ribbon Communications (RBBN)- DESIGNS CARRIER-CLASS TELECOM INFRASTRUCTURE EQUIPMENT AND SOFTWARE USED BY WIRELESS AND WIRELINE OPERATORS
$RBBNEntry price : 6.79
Fundamentals :
Sector: Telecom
EPS % Chg (Last Qtr): 23%
3 Year EPS Growth Rate: 9%
EPS Est % Chg (Current Yr): -36%
Sales % Chg (Last Qtr): 68%
3-Year Sales Growth Rate: 31%
Annual Pre -Tax Margin: 12.3%
RBBN 50-day MA moved above its 200-day MA on June 23, 2020This price move may be construed as a buy signal, as it indicates the trend is shifting higher.
A buy signal is indicated by this change in price, due to the trend repositioning higher. In 3 of 3 cases where RBBN's 50-day Moving Average crossed above its 200-day Moving Average, its price rose furthe
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