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thetechtrader

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thetechtrader

Re: None

Thursday, 05/19/2016 6:59:51 AM

Thursday, May 19, 2016 6:59:51 AM

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Sonus Networks, Inc. (SONS) opened at 8.51, ran up 12 cents to 8.88, or 1.37%, on 403,592 shares traded on Wednesday. It’s up just a small fraction, but the OBV is higher. This stock is coming out of a long base, and looks like it’s going to test the gap at 9.90, and if it gets through that, then look for it to move to 11 1/2. It has 3.3 days to cover.
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