This is quite spectacular………checkout Accum/Dist, PVO & CMF…….all three are heading due north, but look at the candle formed Friday and the share price……..BLOX formed a Red Long Legged Doji & closed down 36% for the day…………when Accum/Dist, PVO & CMF are up, but the share price closed down that = bullish divergence……..& is just what you want to look for when scanning for bounce plays……
This is the really funny part -
Citi and Deutsche Bank currently rate Infloblox at Neutral and Hold, respectively, and have significantly cut its price targets, Citi from $25 to $15 and Deutsche Bank from $30 to $18.
$15 & 18 Targets……….& that is the downgrade after bad news……….