0KSA trade ideas
Pure Storage $PSTG Bullish ascending triangleWe have a bullish ascending triangle we are breaking out of now and will be confirmed if we close above $17.77. Also have a golden cross on the 50 and 200 EMA soon to be bullish crossover on the MACD. Measured move of the breakout should take us right to $20. Good luck traders.
PURE STORAGE $PSTG$PSTG is still below the trend and very close to brekout. Yesterday's volume was above the average and broke 20SMA (red) out . Needs to get above $18.08 to be long.
12 months Consensus Price Target: $20.10
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$PSTG Upgrade for Pure storage. Pure Storage rating change at Raymond James Pure Storage upgraded to Outperform from Market Perform at Raymond James. Raymond James analyst Simon Leopold upgraded Pure Storage to Outperform from Market Perform with a $22 price target. Source thefly.com
Indicators bullish and signals are positive.
Market sentiment has changed, rotation back into tech.
Buy side volume impressive.
Average analysts price target $21.10 | BUY
Short interest 9.95% (high)
Company profile
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
$PSTG Pure Storage set to fill the gap Entry level $17.00 | Price Target $20.00
Stop loss $16.30
Average analysts price target $21.20 | Buy rating
Upgrade details
Goldman's Rod Hall is buying the bounce in Pure Storage (NYSE:PSTG), upgrading to Buy from Neutral. His $21 price target suggests 28% upside from last night's close.
Pure Storage had a rough spring/summer, bottoming at around $13.50 in mid-August. Seeking Alpha.
Company profile
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
Pure Storage aiming to fill upside Gap ====Entry Level $17.50 - Price Target $19.75====
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
Pure Storage - $PSTG - Earnings Beat + price drop Pure Storage ($PSTG) - ER beat on 5/21 somehow led to a price drop on this flash storage stock. I was originally alerted by seeing $NTAP 's chart / dip. $NTAP is a competitor and is suffering the same dip. I'll be monitoring these two looking for a reversal.
PSTG - Technical Analysis for Better GainsA newer stock (2015) PSTG (Pure Storage, Inc.) has rejected the $9.7x support line for the fourth time and drove higher off of heavy volume on 5/26/2017. Based on the FibR Levels on the daily timeframe, Friday’s close of $12.74 was almost too perfect, reaching the .618% FibR Levels. With a .786 FibR Level of $13.71 and a resistance level of $14.90, there is still room for this stock to run.
If volume continues to be above average on the bullish side the week of 5/30/2017, expect a break of the .618 FibR Levels. When looking at the MACD Levels, both the weekly and daily have crossed over. Bullish volume on the monthly time frame has doubled since April 2017.