Buy Alert – Splunk Stock SPLK

Splunk (SPLK) has been in a consolidating pattern. Such moves usually signal breakouts, with the upcoming stimulus and looking at Feds policy, this seems like a really good long term and short term trade. The stock is oversold on a weekly chart indicating a move up. Buy orders under $170 with short term profit taking at $200 and long term $275-$300+. Splunk will also be announcing Fiscal and Q4 results on March 3rd, buying calls in the coming weeks can be fruitful as well.

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