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