New Trade Picks Traders Should Know About

SWHC popped over its 200 dma and kept going up taking the $4.00 support. However the rally fizzled very fast and SWHC pulled back, dropping over 5%, end the day below its 200 dma. Lets see if it can make a second attempt towards breaking the $4.00 and stay above. Otherwise a potential short.

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SonicWALL Inc. (SNWL) designs, develops, manufactures, and sells network security, content security, and business continuity solutions for businesses of various sizes. SNWL has started to run up taking over its $4.25 resistance. Its next test will be $4.85, $5.00 and then the very important 200 dma at $5.29. Will be monitoring this one for potential reversal.

snwl

You can view all my stock picks here… Five Short & Three Long Trade Picks Traders Should Know About