Boston, MA 04/09/2014 (wallstreetpr) – GIGAMON INC (NYSE:GIMO): Stock crashed 34% yesterday to close at $17.31 due to weak first quarter results. The volume traded was a record 8.6 million. The stock has been in a downtrend over the past 2 weeks supported by an MACD (12, 26, 9) signal crossover & zero crossover. The RSI (14) just entered oversold level at 17.60 and looks to remain there. The long-term trend looks downward, though the stock can swing back to Fibonacci pivot level of $30.29 only if supported by volume and if it reaches previous support at $21.55 (S1). The stock can be short intra-day for target $16.17 (S2) with stop-loss at $18.60.
INTERCLOUD SYSTEMS INC (NASDAQ:ICLD)
INTERCLOUD SYSTEMS INC (NASDAQ:ICLD). Closed 20% down at $6.09 yesterday. The stock started a downtrend in March 2014 before which it was trading in a tight range between $11.50 and $15.83 in February 2014. The stock can swing back to the previous trading range to resistance level of $14.14 (R1) in 4-6 weeks if supported by RSI reversal and MACD zero crossover. For this trading period go long $14.14 with stop loss at $4.38 (S2). The gap formed yesterday seems to be a filling gap. The candlestick pattern formed a Doji yesterday signaling recovery. The MACD (12, 26, 9) looks to make a signal cross-over. Intra-day buy for a target $6.69 (R1) with stop-loss at $5.40 (S1).
OHR PHARMACEUTICAL INC (NASDAQ:OHRP)
OHR PHARMACEUTICAL INC (NASDAQ:OHRP) made a gap down opening at 10.50 on April 08, 2014, down 12.72% from the previous day and closed at $9.84. The stock has been in a downtrend over the past 3 weeks supported by an MACD (12, 26, 9) signal crossover and a subsequent zero crossover last week. The RSI (14) at 26.74 shows downside momentum still left. Based on Fibonacci pivot points the stock can be short for intra-day target $8.72 with a stop-loss at $11.34 (S2). The long term trend (4-6 weeks) is still upward for an upside swing up to $18.20 (R1), with stop-loss at $11.34 (S2).
