Long if this area $7.90- $8.10 holds. Look for a move to $9.00-10.00 or more provided overall market holds up. This is a channel type play, plus a bonus of M&A in the rural telecom sector could provide additional buying in the name.
Wait a day or so, Only go long if the level stated is held. Lower risk play.
They will probably try to head fake all the break out buyers here, so be prepared. Looking for a run above $100.00 if bulls stay in charge in overall markets. This one isn't a clothing fad like BKE. AMZN does not impact this one as it does other retail names. For other plays visit www.StockSpotify.com