ServiceSource Int’l (SREV) breaking out of consolidation into the gap
Stock: ServiceSource International (SREV)
Long or Short: Long
Entry Range: $6.03 – 6.06
Stop-Loss: $5.83
Chart: ServiceSource International (SREV) Daily
Reason for Trade: This is the first stock that I’ve added to the portfolio at $6.03. It is breaking out nicely and moving higher as we speak. Strong volume, great consolidation with a clear level of resistance at the $6.02 level which is where it is currently breaking out at. There is also a descending trend line off of the los of August worth paying attention to. Best case scenario is that this stock runs into the mid $7’s, but that would be asking for a lot….but there is not significant level of resistance until we see it hit that mark.
So who knows!?!
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