SPLK – Strong Reversal Off 200 Day Moving Average

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.

SPLK - Reversal Off 200 Day Moving Average

 

One Comment

  • Stan says:

    Nobody does this better than you, I have been following your work for a good amount of time now and I have noted you are right in exacting detail more than any other trader I have encountered.

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