Well, this is definitely NOT advice, but I think the Russell is constructive here (out of down channel that was in place most of month), and this is just working its way through the resistance levels and doing fib retracements; so it looks constructive. As long as market holds, it should be able to break 37.50 in coming days and head towards 40 imo, but there would be heavy resistance there. It could have a blowoff run into the 40's. What you do w/ your shares is up to you.
Data is breaking out of a nice base range to the upside. I think this helps out FEYE over coming days; FEYE just hit its head on 50 day yesterday, that's all. Should follow sector higher. Out of down trend channel now.
If P can make it back to the 30's, as it has, then this can definitely get back into the 20's. Breakout of this huge base should be good for at least 2-4 points quickly when it happens.
The stock clung to other fib levels in the chart above for a bit before testing each one succesively lower. Probably pinball between these ranges as we work through July toward Aug data expectation imo.
Slowing growth, too big of a premium. extremely weak chart. I was thankfully short FRAN into earnings; this looks like it could be suffering from same weak trends. Chart looks similarly weak as well. GL.
5 misses in a row; lower revs; supposed "turnaround" only accelerating decline. This is going to get destroyed tomorrow and over coming weeks. 8's....7's....