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EMC Corporation Message Board

  • stockineer stockineer Jul 14, 2013 8:15 PM Flag


    Hey guys, I haven't posted to your boards yet, but a reader alerted me to EMC. When I did a little investigation into the company, it turns out that I used to live minutes from EMC, and I pass it regularly off rt 100. We're technical traders so the reader alerted us because of a potential breakout of a complex head and shoulders. There are multiple shoulders on each side of the head as the price is bouncing from it. I've just written it up as a trade alert and posted the commentary and chart on Stockineer. We're looking for a close above the downward trendline to take positions. I don't like that earnings are coming up very soon, as taking positions just before earnings can be a little risky because it's a point event driven by news, not natural buying and selling, supply/demand where it is where the technicals are useful. At any rate, the trade setup is posted, but I figured I give you guys a heads up on these boards that we may be joining you soon :-) Good luck guys. If price breaks upward our price target is $28.

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