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Aruba Networks, Inc. Message Board

  • opalockamishabob opalockamishabob Jan 10, 2013 11:37 PM Flag

    Hello, billbill104...

    I apparently jumped the gun on your post below...

    I have checked the January 7th I.B.D. and have found NO indication that ARUN is/was on the IBD 50 recently. I've cjecked from B-1 to B-6.

    When [date] and where [which issue] did you recall finding it...or was this just a good-natured test! 8- )

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    • It's in the Wednesday, January 9th edition(I believe they started printing them twice a week after they went from 100 to 50 charts)-it's number 49, although it'll probably move higher after today's move.

      • 1 Reply to billbill104
      • Thanks for the clarification, bill!

        If one follows the O'Neil strategy, Friday's 25% volume increase was not all that convincing.

        If you have access to an intraday chart, you can see that the volume was great from 10:40 to 11:50...just before lunchtime! Thereafter, the stock was rapidly traded and had little upside from that point. In fact ARUN lost a bit towards the close.

        It will be interesting to see just how ARUN manages to continue to the upside, or stall out. Should that occur, the pattern will break down and ARUN will perhaps find support in the $21 area.

        If volume is strong into ARUN this week, it could easily go through that $23.19 resistance point of October 1st...$25 could easily be attained on greater volume...perhaps, even before the week is out.

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