SPLK is a $5.48 billion technology company that provides software solutions that provide real-time operational intelligence in the United States and internationally. SPLK has lost 60% of its market cap in just the last two months or so, with its momentum oscillators now in very oversold territory. These former momentum stocks are under severe selling pressure, but could definitely see a spike this week as May options expire on Friday. We like entry at the current price and again at $45.00 with a closing stop beneath $44.00. Consider a short-term target of $53.00 to test price resistance.
No comments:
Post a Comment