Pandora Media

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Nearest Resistance: $15

Nearest Support: $12.50

Catalyst: Earnings Anticipation, Upgrade Pandora Media ( P) is getting investor attention for a couple of reasons today, as reactions to an analyst upgrade from Stifel Nicolaus and this evening's earnings call drive investors to take a second look at shares. While Pandora is getting sold off ahead of what could be a volatile earnings call, shares are still forming a bullish setup in the longer term.

Like Vail Resorts, Pandora is forming an inverse head and shoulders setup. The slanted neckline in Pandora makes this trade a bit more complicated than MTN's but the implications are the same if Pandora can crack above resistance.

Ultimately, earnings are going to be a critical factor in whether this pattern plays out or folds. An earnings beat tonight could send Pandora on a breakout through that neckline.

Pandora, which shows up on a list of 4 Tech Stocks for 2012, was also featured in " 7 Undervalued IPO Stocks That Could Rebound in 2012."

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