Pure Storage - ticker PSTG We have taken this off our immediate want list due to analyst downgrading flash storage. Just wait for a better entry. Charts showing a pull back. No dividend! The next earnings call may be the next turn a round. I'm eying this one as a spec, and a trade to boot. This may be entering a tighter trading range short term, will have to see.
The charts show the price held at the first support level, ($15.80) and then proceeded north to $17.17 for the high this last friday, and closing at $16.94 Once again technicals showing this one going south. We may be seeing the new trading range....$16-$17.
I'm going to be watching this one. It is a speculation stock.
Currently the charts are telling me to wait for a better entry point. Current price is at the lower edge of the bollinger bands. If it busts through the $15.80 support level, next stop may be at $14.70, and if it doesn't stop there, we could be looking at the $12.50 price range. I don't need this one at this point and time. Although February the company could be announcing a first ever profit. It's worth watching between now and then.