Harry has posted a Charts of the Day video on INFN at TheTechTrader site noting: Infinera Corporation (INFN) was in a beautiful pennant. Friday, it broke out of that pennant and on Monday, it followed through, up 24 cents to 8.70, or 2.8%, on 1.4 million shares. There’s some resistance here going all the way back to the multiple tops in 2011. If it can get up through here, this stock could test the 11 range, which is the secondary swing-trade target on this stock.
Nice analysis ! I have also been accumulating more shares in this range. No Brainer below $10.00 per share. With the Chinese company out of the picture and no longer giving their product away and the financial concerns with ALU the market is primarily cut up between Infinera and Ciena and thats a win win for both ! Should also see a little improvement in overall pricing w/ less competition. Next quarter will be huge !