SPLK put on strong reversal off – 200 day moving average.
This is what happened.
On Friday (May 27th) SPLK fell from $55 to $52. It dipped below its 200 day moving average which is at $52.72 and then rose sharply upward.
This means bulls took over SPLK and drove it upward.
It made a high of $56.99 and closed at $56.34.
In near future we expect SPLK to continue its upward trend.
Immediate target range is $62 – $63
Chart of SPLK shown for you.