27May2:17 pmEST

Artistic Flair Into Summer

To update an idea we have been looking at for a while now, note the chart of the under-watched tech firm, Globant. 

On the daily timeframe, below, we can see a fairly textbook and almost artistic "cup and handle" setup developing, with a move over $26.30 likely setting in motion a breakout higher from the pattern, potentially targeting a move into the low-$30s. A move under $24.30 likely negates this analysis. 

Elsewhere, BRCM is spiking up on rumors of an AVGO buyout (and AVGO is spiking up, as well), as the bull market remains resilient. Still, a few of my short plays are working reasonably well today. 

Changing Consumer Tastes Stock Market Recap 05/27/15 ...

 
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