Bullish Idea
NOW had earnings the other day beating both revenue and earnings, however fell due to some fundamentals.
From a technical standpoint, VWAP suggests buyers are supporting the stock at the low price near the floor. Price looks as if it's ready to break thru the ceiling and recover some of it's lost ground from yesterday. VWAP suggests buyers are supporting it at this low price and in addition, it looks like it can break thru a few key Daily moving averages.
This is a day trade. I'm not looking to swing it, however, depending on how strong the possible move is, and from the overall market and sector sentiment, I may consider scaling down and leaving a few runners.
This is not financial advice, merely my opinion. Remember, there is no such thing as a guaranteed move!
From a technical standpoint, VWAP suggests buyers are supporting the stock at the low price near the floor. Price looks as if it's ready to break thru the ceiling and recover some of it's lost ground from yesterday. VWAP suggests buyers are supporting it at this low price and in addition, it looks like it can break thru a few key Daily moving averages.
This is a day trade. I'm not looking to swing it, however, depending on how strong the possible move is, and from the overall market and sector sentiment, I may consider scaling down and leaving a few runners.
This is not financial advice, merely my opinion. Remember, there is no such thing as a guaranteed move!
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