Stock Chart INFA

Posted by downtowntrader | 5/12/2009 08:12:00 PM View Comments

Stock Chart Analysis INFA

Informatica Corporation(Public, NASDAQ:INFA)

The chart for Informatica Corporation (Nasdaq:INFA) actually looks very similar to my chart analysis of Riverbed Technology, Inc. (Nasdaq:RVBD). INFA cleared an almost 6 month long base in March, also successfully setting a higher pivot high. The breakout was a little sloppy with INFA testing the breakout area twice in the span of a few weeks, and threatening to fall back into the base. However, INFA had a breakaway gap clearing this area in late April on huge volume. It has been consolidating this move recently on a decline in volume. The consolidation is beginning to take the form of a bull flag, and could be finding support at a rising 20 day moving average. Todays higher high may of completed the pullback and if INFA clears the flag it could lead to a nice gain in quick order.

Good Trading,


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