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Web based stock technical analysis tools since 1999. Specializing in breakout and momentum stock ideas. Articles are opinions only and NOT investment advice.
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  • P (Pandora Media Inc) Breakout Watch To New Highs 0 comments
    Aug 12, 2013 12:14 PM | about stocks: P

    P (Pandora Media Inc) gearing up for another leg higher after a month of price consolidation, watch for breakout above 20.28, 22.6% higher volume

    VOLUME 2.33mil shares, +22.6% compared to typical volume of 1.9mil by 11:25 am ET (15-20 min delayed).
    Typical daily volume is 5.58mil shares over the past 6 months.

    Breakout Details

    BREAKOUT WATCH for possible breakout above 20.28, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 22.24, 10% Stop: 19.41, Loss: 4%, Profit/Loss ratio: 2.5 : 1 - Good

    Support and Resistance

    CURRENT PRICE 20.22, at resistance, 19.84 ± 0.44, type single, strength 5
    RESISTANCE ABOVE None.

    SUPPORT BELOW -5.2% at 19.16 ± 0.42, type double, strength 4
    -18.7% at 16.43 ± 0.36, type single, strength 3

    (click to enlarge)P breakout stock chart provided by http://www.stockconsultant.com

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=P

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