The market right now is very mixed, so we're going to cover both longs and shorts today.
Brocade Communications Systems Inc. (BRCD) had a very significant breakout on Tuesday on earnings, up 67 cents, or 8.3%, to 8.77 on 15.3 million shares. With the breakout across multiple tops over the last few months, it sure looks like a parallel channel is forming, which could lead to 10.00, maybe 11.00, on this stock.
Check out Harry's video analysis of this stock on the last page.
No comments:
Post a Comment