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Envivio, Inc. Message Board

  • thetechtraderca thetechtraderca Jun 14, 2013 7:45 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on ENVI at TheTechTrader site noting: Envivio, Inc. (ENVI) has a strong, long-term chart pattern from the last year that was broken in the last four sessions with a thrust to the upside. It took it from 1.65, or so, up to Thursday’s high at 2.37, a 50% move, and the volume has picked up dramatically. There is some resistance near the gap at 2.98, so something around 3.00 is the short-term target. A swing trade was put out on it, and perhaps we’ll get that. A rule of thumb is that when a stock does break out into a gap, it will go about 50% of the way into that gap, which would put it to 4 1/4-1/2. That’s the secondary target, and would be a beautiful double.

 
ENVI
1.76-0.06(-3.30%)Aug 3 3:44 PMEDT