NEW BULLISH Plays
Splunk, Inc. - SPLK - close: 27.39 change: +0.81
Stop Loss: 25.95
Current Gain/Loss: unopened
Entry on November xx at $ xx.xx
Listed on November 15, 2012
Time Frame: exit prior to earnings on Nov. 29th
Average Daily Volume = 1.0 million
New Positions: Yes, see below
Why We Like It:
After a nine-week sell-off shares of SPLK are finally bouncing from support. The stock could see a short squeeze. The most recent data listed short interest at 19% of the 54.1 million share float.
I am suggesting a trigger at $27.55 to open small bullish positions. Our target is $31.50.
Trigger @ 27.55 *small positions*
Suggested Position: buy SPLK stock @ (trigger)