This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
>>5 Stocks Poised to Pop on Bullish Earnings
From a technical perspective, EGHT is bouncing modestly higher here right above its 50-day moving average of $6.74 with lighter-than-average volume. This move is starting to push shares of EGHT within range of triggering a near-term breakout trade. That trade will hit if EGHT manages to take out some near-term overhead resistance at $7.29 with high volume.
Traders should now look for long-biased trades in EGHT as long as it's trending above its 50-day at $6.74 and then once it sustains a move or close above $7.29 with volume that hits near or above 832,585 shares. If that breakout triggers soon, then EGHT will set up to re-test or possibly take out its 52-week high at $7.95. If that level gets taken out with volume, then EGHT could easily trend well north of $8.
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.