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Pandora Media, Inc. Message Board

  • pandoran_in_at_8_bucks pandoran_in_at_8_bucks Apr 27, 2013 10:39 AM Flag

    Jim Cramer and the Kiss of Death

    Oh no, Jim Cramer has flip flopped on Pandora and now thinks that “shares could soar higher”

    “If you take a look at the chart for Pandora, you’ll notice that this stock recently formed a double bottom chart pattern at $12.66 to $12.76 a share. Following that bottom, shares of Pandora have bounced strongly right off its 50-day moving average and now the stock is quickly moving within range of taking out some near-term overhead resistance levels. Those resistance levels have acted as a wall for the stock for the last two months, so if they get taken out with volume, shares of Pandora could soar higher. “

    Sentiment: Strong Buy

 
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